Air Link Communication Limited (AIRLINK) announced on Monday that it had approved the incorporation of a wholly owned subsidiary under the name ZEXO Technologies (Private) Limited, with an authorised investment of Rs200 million.
The technology firm shared the development in a notice to the Pakistan Stock Exchange (PSX).
The subsidiary will be established with an authorised investment of Rs200,000,000/-, divided into 20,000,000 ordinary shares at a nominal value of Rs10/- per share.
The notice said that the primary objective of the proposed subsidiary would be to undertake the manufacturing, import, export, distribution, retail and e-commerce operations of smartphones, laptops, related accessories, electronics, home appliances, and other technology-related products of certain additional selected brand(s).
Air Link Communication Limited was incorporated in Pakistan as a private limited company in January 2014 and was converted into a public limited company in April 2019.
The company is engaged in import, export, distribution, identification, wholesale, and retail of communication and IT-related products and services, including smartphones/ cellular phones, tablets, laptop accessories, and related products.
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