World

Single Women are Now Getting Dating Leaves at Work

Published

6 years ago

February 6, 2019

Women compete for head-on with men in today’s fast-growing world. And due to the hectic daily routine, it has become quite difficult for women to find a balance between their personal life and professional life.

As we all know, every person needs some time to relax by indulging himself into some sort of recreational activities. And women also desire for a significant amount of time to find a desirable husband for them. To ease this search for single and unmarried women, some companies do special favors by offering them a leave period for dating to find a partner.

The case is common in the Chinese culture as all the women over 30 years of age in China are considered less desirable. Twin Chinese companies behind a Song dynasty tourist attraction offer single, female employees over the age of 30 an opportunity to have a “dating leave” to find a husband. Hangzhou Songcheng Performance and Hangzhou Songcheng Tourism Management have allowed unmarried women in their thirties, in a “non-frontline” role to take an extra eight days off during the lunar new year.

Due to the less exposure to men, while working in the internal department and unable to find a suitable time to date, it becomes quite challenging for such women to find their true love. After getting such dating leave period, female employees express their happiness enthusiastically and feel the freedom to look for a good life partner.

Hangzhou Songchen Performance’s human resources manager, Huang Lei, shared that this idea of dating leaves was extremely well received by the women. He further explained the reason for the decision, “The ratio of men to women in our company is about the same. But women employees mostly work in internal functional department and some are show performers… some female staff have less contact with the outside world. Therefore, we hope to give more leave to female staff, to give them more time and opportunities to be in contact with the opposite sex.”

With the availability of many dating websites, it has become easier for all people to search for an appropriate partner for them. These dating websites make it possible especially for females to choose their partner according to their partner type, lifestyle and based on other preferences.

Even the homosexual and bisexual women do not face many problems in today’s time as online date sites have made it possible for them too to look for their partner. Many Dutch Websites now cater to Women Looking for Female partners (Sie sucht sie), which has resulted in the growth of online dating in the Netherlands.

Hopefully, this trend will catch on in the UK as well.”

World

TRG Chairman Khaishgi and CEO Aslam implicated in $150 million fraud

Published

6 days ago

June 23, 2025

Jenny Jackson

In a scathing 52-page decision, the Sindh High Court has found that TRG Pakistan’s management was acting fraudulently and that Bermuda-based Greentree Holdings historic and prospective purchase of TRG shares were illegal, fraudulent and oppressive.

The Sindh High Court has further directed TRGP to immediately hold board elections that have been overdue and illegally withheld by the existing board since January 14, 2025.

In the landmark ruling, the Sindh High Court has blocked the attempted takeover of TRG Pakistan Limited by Greentree Holdings, declaring that the shares acquired by Greentree, nearly 30% of TRG’s stock, were unlawfully financed using TRG’s funds in violation of Section 86(2) of the Companies Act 2017.

“Having concluded that the affairs of TRGP are being conducted in an unlawful and fraudulent manner and in a manner oppressive to members such as the Petitioner (Zia Chishti), the case falls for corrective orders under sub-section (2) of section 286 of the Companies Act,” Justice Adnan Iqbal Chaudhry concluded.

The case was brought by TRGP former CEO and founder Pakistani-American technology entrepreneur Zia Chishti against TRG Pakistan, its associate TRG International and TRG International’s wholly-owned shell company Greentree Limited. In addition, the case named AKD Securities for managing Greentree’s illegal tender offer as well as various regulators requiring that they act to perform their regulatory duties.

The case centred around the dispute that shell company Greentree Limited was fraudulently using TRG Pakistan’s own funds to purchase TRG Pakistan’s shares in order to give control to Zia Chishti’s former partners Mohammed Khaishgi, Hasnain Aslam and Pinebridge Investments.

According to the case facts, the Chairman of TRG Pakistan Mohammed Khaishgi and the CEO of TRG Pakistan Hasnain Aslam masterminded the $150 million fraud. They did so together with Hong Kong based fund manager Pinebridge who has two nominees on TRG Pakistan’s board, Mr. John Leone and Mr. Patrick McGinnis.

According to the court papers, Khaishgi, Aslam, Leone, and McGinnis set up a shell company called Greentree which they secretly controlled and from which they started buying up shares of TRG Pakistan. The fraud was that Greentree was using TRG Pakistan’s funds itself. The idea was to give Khaishgi, Aslam, Leone, and McGinnis control over TRG Pakistan even though they owned less than 1% of the company, lawyers of the petitioner told the court.

This was all part of a broader battle for control over TRG Pakistan that is raging between Khaishgi, Aslam, Leone, and McGinnis on one side and TRG Pakistan founder Zia Chishti on the other side. Zia Chishti has been trying to retake control of TRG Pakistan after he was forced to resign in 2021 based on sexual misconduct allegations made by a former employee of his. This year those allegations were shown to be without basis in litigation that Chishti launched in the United Kingdom against The Telegraph newspaper which had printed the allegations. The Telegraph was forced to apologize for 13 separate articles it published about Chishti and paid him damages and legal costs.

After Chishti resigned in 2021, Khaishgi, Aslam, Leone, and McGinnis moved to take total control over TRG Pakistan and its various subsidiaries including TRG International and to block out Chishti. The Sindh High Court’s ruling today has reversed that effort, ruling the scheme fraudulent, illegal, and oppressive.

It now appears that Zia Chishti will take control of TRG Pakistan in short order when elections are called. He and his family are now the largest shareholders with over 30% interest. He is closely followed by companies related to Jahangir Siddiqui & Company which have over a 20% interest. The result appears to be a complete vindication for Zia Chishti and damning for his rivals Aslam, Khaishgi, Leone, and McGinnis who have been ruled to have been conducting a fraud.

TRG Pakistan’s share price declined by over 8% on the news on heavy volume. Market experts say that this was because the tender offer at Rs 75 was gone and that now shares would trade closer to their natural value. Presently the shares are trading at Rs 59 per share.

According to the court ruling, since 2021, shell company Greentree had purchased approximately 30% of TRG shares using $80 million of TRG’s own money, which means that that the directors of TRG Pakistan allowed company assets to be funneled through offshore affiliates TRG International and Greentree for acquiring TRG’s shares – a move deemed both fraudulent and oppressive to minority shareholders. The Sindh High Court also found illegal Greentree’s further attempt to purchase another 35% of TRG shares using another $70 million of TRG’s money in a tender offer.

The ruling is a major victory for the tech entrepreneur Zia Chishti against his former partners and the legal ruling paves the way for him to take control of TRG in a few weeks.