It has been revealed on Friday that the Ghandhara Nissan Limited (GHNL) talks of a prospective tie-up with Alliance (Renault & Nissan) have come to a disappointing end with a break-off ,as a result of some commercial reasons.GHNL mentioned on the subject of proceeding further in its talks with Nissan and supposed that Pakistan was an Alliance project and their intention was to pick one partner for Renault and Nissan models in Pakistan.
In a response to a question sent by Securities and Exchange Commission of Pakistan (SECP),up- lifted issues over the price instability in GHNL shares. It made clear “share price remained among Rs.173.18 to Rs. 155.38 through this period. This fluctuation (equally in price plus in volumes) co-relates with the movement in the KSE 100 and plus the All Share Index of the PSX. As many other scrips, this fluctuation can be credited to the soring political uncertainty which has stayed to be the main driver for fluctuations in the majority of the scrips of PSX.”
Profit reported in April, GHNL and Anhui Jianghuai Automobile Group Corp Ltd had proclaimed an exclusive cooperation whereby assembly, import and distribution of Model X200 light commercial vehicles would be given advantage.
GHNL, by now has a Technical Assistance Agreement with Nissan Motor Co. Japan. It also has a joint Venture Agreement with Nissan Diesel Co. Japan for the progressive Assembly of Passenger Cars, Light Commercial Vehicles and Heavy Duty Vehicles. GHNL’s vehicle plants are situated on Port Qasim.
When filing this report; GHNL shares were trading at Rs164.00, down Rs0.63 since its opening on Friday. KSE-100 index was trading at 41,626.29 points, down 163.87 points since its opening on Friday.GHNL benefits from the status of being the only company in Pakistan that assembles a complete range of product i.e. passengers cars, light commercial vehicles and heavy-duty trucks and buses.