Loading…

  1. Home
  2. Research
  3. Detail

$HUBC The Hub Power Company Limited (HUBC): AGM Key Takeaways – By Foundation Research

Foundation Securities
$HUBC The Hub Power Company Limited
Rs. 219.38 +0.20%
  • HUBC convened its Annual General Meeting (AGM) today to seek shareholders’ approval for routine business matters and to obtain consent for the proposed investment in Mega Motor Company (Pvt.) Ltd.
  • With the early expiry of the Base Plant’s PPA in Oct’24 (originally set to expire in Mar’27), HUBC is evaluating new business opportunities to strengthen its balance sheet and enhance cash flows. Potential areas include participating in PIA’s privatization, establishing a Single-Mooring oil facility with PSO, and developing an aluminum smelter in partnership with Chinese investors. Final decisions will depend on government policy and overall economic conditions.