Karachi, Hinopak Motors Limited informed Pakistan Stock Exchange that extraordinary general meeting of the company is scheduled to be held on November 28, 2019 at Karachi.
The agenda of the meeting will elect Seven Directors as fi¬xed by the Board of Directors of the Company in accordance with the provisions of Section 159 of the Companies Act, 2017 for a term of three years, commencing from December 03, 2019.
Further, the closed period of the company is from November 21, 2019 to November 28, 2019 (both days inclusive).
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.