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Karachi, Treet Corporation Limited, a substantial shareholder in Treet Battery Limited, sold 300,000 shares on May 31, 2024, at a rate of 23.50 per share, According to information available from the Pakistan Stock Exchange (PSX). The shares were transacted through the Central Depository Company (CDC) in a ready market.
The transaction will be reviewed at the subsequent board meeting of Treet Battery Limited, where any potential non-compliances with clause No. 5.6.1.(d) of PSX Regulations will be addressed. The company has confirmed that the holding period for the shares exceeded six months. If it had been less than six months, a cheque equivalent to the profit would have been required to be deposited with the Securities and Exchange Commission of Pakistan (SECP), as stipulated by Section 105 of the Securities Act, 2015.