Loads Limited to invest PKR 3 billion in Hi-Tech Alloy Wheels Ltd
MG News | October 05, 2020 at 02:17 PM GMT+05:00
October 5, 2020 (MLN): The Board of Directors of Loads Limited, in its meeting held on October 5, 2020, has decided to make the following investments in associated companies, subject to the approval of the shareholders.
| Name of Subsidiary | Loans | Corporate Guarantee | Total Investments in Associated Companies |
|---|---|---|---|
| Hi-Tech Alloy Wheels Limited | 1,000,000,000 | 2,000,000,000 | 3,000,000,000 |
| Specialized Autoparts Industries (Private) Limited | 350,000,000 | 350,000,000 | |
| Multiple Autoparts Industries (Private) Limited | 150,000,000 | 150,000,000 | |
| Specialized Motorcycles (Private) Limited | 50,000,000 | 50,000,000 |
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