Karachi, Hinopak Motors Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on May 23, 2019 at Karachi. The agenda of the meeting will to consider the Annual Accounts for the period ended March 31, 2019.
Further, the company has declared the closed period from May 16, 2019 to May 23, 2019.
Hinopak Motors Limited is a company incorporated in Pakistan as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activity of the company is assembly, manufacture and sale of Hino buses and trucks. The company also sells buses and trucks in the international market. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located at Karachi.
The company is a subsidiary of Hino Motors Limited Japan and the ultimate parent of the company is Toyota Motors Corporation Japan. In 1998, Hino Motors Limited and Toyota Tsusho Corporation obtained majority shareholding in the company after disinvestments by the other two founding sponsors. It has over 50% share in the Pakistani Truck and Bus industry.
The symbol “HINO” is being used by the stock exchanges for the shares of Hinopak Motors Limited.