Karachi, Hinopak Motors Limited informed Pakistan Stock Exchange that the extraordinary general meeting of the Company will be held on July 28, 2021 at Karachi, to transact, To receive, consider and adopt the Audited Financial Statements of the Company for the year ended March 31, 2021, together with the Reports of the Directors and Auditors, To appoint auditors for the ensuing year and x their remuneration and Any other business with the permission of the Chair.
Hinopak Motors Limited is incorporated in Pakistan as a public limited Company. The Company’s principal activity is the assembly, progressive manufacturing and sale of Hino buses and trucks. The company is a subsidiary of Hino Motors Limited Japan and the ultimate parent company is Toyota Motors Corporation Japan.
Hinopak Motors Limited assembles, manufactures and markets Hino diesel trucks and buses in Pakistan. With over 75,000 vehicles on road, Hinopak has gained reflective market share making the largest manufacturer in medium and heavy-duty vehicles in Pakistan.
The total number of shares of the Company are 24,801,120. The Earnings per shares of the Company is (13.37) in 2021 and it was (165.71) in 2020. The Company had a loss of Rs. 288,294,000 in 2021 which was 2,054,976,000 in 2020.