Pakistan’s SLG-Trax eyes acquiring Singapore’s Finova

Pakistan’s Secure Logistic-Trax Ltd (SLG-Trax) has approved talks to acquire Singapore-based Finova Technologies, following the grant of an NBFC (Non-Banking Finance Company) license to its subsidiary LogiServe (Pvt) Ltd. The listed company disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Friday. “Following up on the issuance of NBFC license to LogiServe (Pvt) Ltd, a fully owned subsidiary of SLG-Trax by the Securities & Exchange Commission of Pakistan (SECP) on August 19, 2025, the Board of Directors of SLG-Trax has approved to initiate good-faith negotiations for the acquisition of Finova Technologies (Pvt) Limited, a Singapore-based provider of supply chain finance solutions,” read the notice.