Hub Power Holdings partners with MCPL for Mega Motor

MG News | December 05, 2024 at 10:04 AM GMT+05:00

0:00

December 05, 2024 (MLN): Hub Power Holdings Limited (HPHL), a wholly-owned subsidiary of The Hub Power Company Limited, has entered into a shareholders agreement with Mega Conglomerate (Private) Limited (MCPL), the company's filing on PSX revealed today.

As part of this agreement, MCPL will subscribe to shares and become a 50% shareholder in Mega Motor Company (Private) Limited.

The rationale of the transaction is to consolidate the expertise of both HPHL and MCPL and strengthen the business venture with BYD Auto Industry Company Limited.

The consummation of the shareholders' agreement is subject to the necessary regulatory approvals and consents.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	178,853.10 424.99M	3.29% 5702.68
ALLSHR	107,335.86 693.28M	2.85% 2972.30
KSE30	54,676.69 210.97M	3.52% 1860.41
KMI30	250,620.93 139.36M	2.14% 5257.28
KMIALLSHR	68,647.30 398.45M	1.89% 1273.91
BKTi	52,773.10 107.33M	7.09% 3494.44
OGTi	35,032.42 34.95M	0.79% 274.54

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	67,375.00	68,570.00 66,910.00	-490.00 -0.72%
BRENT CRUDE	68.53	68.54 67.36	1.11 1.65%
RICHARDS BAY COAL MONTHLY	96.00	0.00 0.00	-3.00 -3.03%
ROTTERDAM COAL MONTHLY	105.50	0.00 0.00	-0.10 -0.09%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	63.29	63.30 62.04	1.03 1.65%
SUGAR #11 WORLD	13.62	13.69 13.47	0.14 1.04%