Waves Singer Pakistan Eyeing Acquisition of Heavy Electrical Complex
Waves Singer Pakistan Eyeing Acquisition of Heavy Electrical Complex Waves Singer Pakistan Limited is looking to acquire 96.6 percent shares in the Heavy Electrical Complex (HEC) by way of privatization. Its Board of Directors has decided to submit an Expression of Interest (EOI) to participate in the privatization process of the HEC that was put on the list of privatization by the government. In November 2020, the Cabinet Committee on Privatization (CCoP) had approved the transaction structure for the divestment of 96.6 percent shares of the HEC which is a Private Limited Company under the ...