KARACHI: TPL Trakker Limited on Monday said that it has signed a Letter of Intent (LoI) with Chinese companies for sale of 25 percent share in equity.
In a notices to Pakistan Stock Exchange (PSX), announced that TPL Trakker Limited, a wholly owned subsidiary of TPL Corp Limited, 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”).
The Potential Investors are interested in acquiring, at a minimum of 25 percent equity, in TPL Trakker Limited (“Proposed Transaction”) and the Parties are currently conducting due diligence of the Proposed Transaction.
