TPL Trakker signs a LoI with China transportation HEAD and CCCC Industrial Investment Co

By MG News | January 13, 2020 at 01:46 PM GMT+05:00

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January 13, 2020 (MLN): TPL Trakker Limited, a whole owned subsidiary of TPL Corp limited, has notified to Pakistan Stock Exchange that the company has signed a Letter of Intent (“LoI”) with China Transportation HEAD New Technology (Shanghai) Co. Ltd and CCCC Industrial Investment Holding Co. Limited (“Potential Investors”).

It is prudent to mention that the Potential Investors are interested in acquiring, at a minimum of,25% equity, in TPL Trakker Limited(“Proposed Transaction”) and the Parties are currently conducting due diligence of the Proposed Transaction.

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