Hub Power Holdings partners with MCPL for Mega Motor

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

Add Mettisglobal as a Trusted Source on Google

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	176,133.57 448.77M	0.12% 205.83
ALLSHR	106,568.82 1,000.73M	0.14% 149.03
KSE30	52,663.90 106.37M	0.09% 48.09
KMI30	247,838.42 145.61M	0.01% 22.07
KMIALLSHR	68,255.80 586.07M	0.03% 23.11
BKTi	50,243.89 28.25M	0.32% 158.69
OGTi	34,622.42 7.25M	-0.35% -120.21

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	66,705.00	66,730.00 65,165.00	1520.00 2.33%
BRENT CRUDE	90.92	91.25 87.87	1.70 1.91%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.25 -1.17%
ROTTERDAM COAL MONTHLY	120.25	120.25 120.25	0.35 0.29%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	84.33	84.56 81.39	1.85 2.24%
SUGAR #11 WORLD	14.86	14.92 14.76	0.04 0.27%