Loads inks non-binding MOU with Xinhuida to explore copper ventures

June 22, 2026 (MLN): Loads Limited (PSX: LOADS) has entered into a non-binding Memorandum of Understanding with Anhui Xinhuida New Material Technology Co., Ltd., a China-based company engaged in recycling, processing, manufacturing and trading of copper, advanced copper materials and technology-intensive industrial products.

Xinhuida operates an integrated platform covering recycled copper rods, copper processing, copper products, power and communication cables, EV wiring systems, digital energy harnesses, PV connectors, semiconductor-related components and other advanced copper-based materials and products.

The MOU provides a framework to explore potential cooperation in the copper sector in Pakistan and international markets, including copper trading, processing, manufacturing, exports, strategic investments, technology transfer, supply chain integration and related commercial opportunities.

Under the understanding, both parties intend to initially pursue copper trading and supply chain opportunities while evaluating a potential joint venture in Pakistan involving investment in copper, advanced copper materials, value-added products and technology-intensive industrial businesses.

The scope also includes possible acquisition opportunities in the copper manufacturing sector in Pakistan to support expansion and export-oriented growth.

The collaboration may further extend to the establishment of new manufacturing facilities, technology transfer, development of export-oriented operations, and introduction of advanced copper materials, components, wiring solutions and energy infrastructure products for domestic and international markets.

All potential arrangements, including any joint venture or acquisition, remain subject to due diligence, negotiation of definitive agreements and regulatory approvals, with no binding obligation on either party except customary confidentiality undertakings.

Discussions remain at a preliminary stage with no assurance that any transaction will materialize, while shareholders and investors have been advised to exercise caution in dealing with the company’s securities.

The aforementioned information was disseminated through a notification to Exchange.

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