ACI Motors is going to sign a manufacturing agreement with Yamaha Motors Company Limited, Japan, as its parent company ACI Limited gave a nod about this at a meeting of its board of directors on Saturday.
After the agreement, Yamaha brand motorcycle will be produced in Bangladesh through a fully CKD assembling plant, according to an official disclosure posted on the Dhaka bourse website the next day.
The estimated production capacity of the plant will be 50,000 units/per year and the revenue of which is projected to be Tk 5,000 million/per year.
ACI Limited has 67.50 per cent stake in the subsidiary.
ACI Limited, which operates through 14 subsidiaries and three joint ventures, was listed on the Dhaka bourse in 1976. The pharmaceuticals & chemicals sector company belongs to the “A” category.
Each share of the company, which was listed on the Dhaka bourse in 1976, closed at Tk 391.10 at the Dhaka Stock Exchange (DSE) on Thursday.
The company disbursed 115 per cent cash and 10 per cent stock dividend for the year ended on June 30 in 2017.
The company’s paid-up capital is Tk 482.02 million and authorised one is Tk 500 million. Its total number of securities is 48.20 million.
As shown by the DSE data, the sponsor-directors own 44.30 per cent stake in the company, while institutional investors do 28.79 per cent and the general public 26.91 per cent as on February 28, 2 108.
