The Securities and Exchange Commission of Pakistan (SECP) has provided its approval for the exit of TRG Pakistan Limited from the ambit of NBFC rules and to operate as a normal public listed company in Karachi Stock Exchange.
"In compliance with the requirements of the exit of the Company as NBFC and to operate as a public listed company in KSE, we had already applied to SECP, CRO, Karachi for the amendment in the Memorandum of Association of the Company deleting clauses related to the Venture Capital and NBFC business in line with the Special Resolution passed by the shareholders in the last Annual General Meeting of the Company held on October 31, 2011", an information sent to Karachi Stock Exchange here on Wednesday said. "As soon as the SECP, CRO, Karachi provides its approval for the amendment in the Memorandum of Association of the Company, the same shall be intimated to the Exchange on priority basis", it added.
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