the government, will enable SYMC
to establish its foothold in
They further highlighted that having DDMC (DFML) as business partner, who has recently been awarded with the brownfield status from the government, will enable SYMC
to establish its foothold in Pakistan.
Since its inception in 1954, SYMC
has developed itself as a premier manufacturer in Korea's automotive industry, and is well respected for its advanced styling and outstanding performance.
Since last March, we have committed to investing over Rs 1780 crores (KRW 400 billion) in a new SYMC
product portfolio and facilities (including a Rs 1317.
Lee's stewardship, SYMC
will scale new heights," said Mr.
MandM said it has also signed a tripartite agreement the labour union of SYMC
, which contains provisions for employment protection, long-term investment and commitment for no labor dispute.
will update its corporate rehabilitation plan to include reference to repaying liabilities with cash- in from the deal and will be required to receive approval from creditors and the court on the updated plan.
There are strong complementarities between the SYMC
and Mahindra portfolio of products, providing an opportunity to create distinct positioning.
1 x SYMC
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The preferred bidder status would require it to enter into a Memorandum of Understanding (MoU) with SYMC
, followed by a detailed due diligence process.
Looking ahead to the second quarter, SYMC
expects a net profit of 11 to 12 cents per share on $1.
The stock is up nearly two percent after SYMC
said it would offer $2 billion of convertible senior notes to institutions.