BOL EXCLUSIVE: PSX to spin out real estate business into a subsidiary
KARACHI: The Pakistan Stock Exchange (PSX) has announced to spin out its real estate business into a wholly-owned subsidiary (PropCo) and transfer the PSX’s immovable properties and related arrangements to the newly-formed company. In return, PropCo will issue all its shares in favour of the stock exchange. As per the latest valuation carried out by … Read more