Pakistan International Container Limited (PSX: PICT) has disclosed a change in its offshore ownership structure, with ICTSI Ltd. (Bermuda) transferring its shareholding in InnoVest Mauritius Limited to Sea Link Group Ltd (Seychelles). The transaction occurred at the level of foreign holding entities and does not directly involve PICT.
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InnoVest Mauritius Limited holds a substantial stake in PICT, making the offshore ownership change a matter of disclosure for the listed company. The transaction reflects a restructuring of interests at the parent-entity level rather than a change in PICT’s direct shareholding.
Transaction Details
| Aspect | Detail |
|---|---|
| Transferor | ICTSI Ltd. (Bermuda) |
| Transferee | Sea Link Group Ltd (Seychelles) |
| Holding Entity | InnoVest Mauritius Limited |
| Listed Company | Pakistan International Container Limited (PICT) |
| PICT’s Role | Not a direct party to the transaction |
Ownership Structure
The transaction affects the ownership chain above PICT:
- ICTSI Ltd. (Bermuda) previously held shares in InnoVest Mauritius Limited
- InnoVest Mauritius Limited holds a substantial stake in PICT
- Sea Link Group Ltd (Seychelles) now holds the shares previously owned by ICTSI
Company’s Statement
PICT stated that it will continue to keep the Exchange informed of any further material developments related to this matter. The company emphasized that the deal does not involve PICT directly as a party to the transaction.
About Pakistan International Container Limited
Pakistan International Container Limited (PSX: PICT) is a leading container terminal operator at the Port of Karachi, providing container handling and related services. The company is listed on the Pakistan Stock Exchange and plays a critical role in Pakistan’s maritime trade infrastructure.
About ICTSI Ltd.
ICTSI Ltd. (Bermuda) is an affiliate of International Container Terminal Services, Inc. (ICTSI), a global port terminal operator with operations across multiple countries. The company has been an investor in Pakistan’s container terminal sector through its ownership structure.
