Citi Pharma approves REIT demerger plan
The Board of Directors of Citi Pharma Limited (PSX: CPHL), in its meeting held on 08 July 2026, approved and recommended a Scheme of Arrangement and Demerger.
July 08, 2026 (MLN): The Board of Directors of Citi Pharma Limited (PSX: CPHL), in its meeting held on 08 July 2026, approved and recommended a Scheme of Arrangement and Demerger. The proposed Scheme provides for the transfer and vesting of two immovable properties of the Company into Citi Core Holdings (Private) Limited, a wholly-owned Special Purpose Vehicle incorporated in connection with the proposed Real Estate...