Hinopak Motors Limited (PSX: Hino) informed on Tuesday that a definitive agreement was reached between Mitsubishi Fuso Truck and and Bus Corporation (MFTBC) and Hino Motors Limited- the parent company. “Under this agreement, a new publicly listed holding company will be established, which will hold 100% ownership of both MFTBC and Hino,” the company wrote in a notice to the Pakistan Stock Exchange (PSX). Daimler Truck and Toyota Motor Corporation are expected to hold equal ownership stakes in the new holding entity, excluding shares that will be issued to the public as part of its listing, the company added. Read more: brecorder.com/news/40368172/… #hinopakmotorslimited #mitsubishifuso