ACI Motors is set to sign a manufacturing agreement with Yamaha Motors Company, Japan as its parent company ACI Limited approved the proposed deal at a meeting of its board of directors recently.
Under the agreement, Yamaha brand motorcycle will be produced in Bangladesh through a fully CKD (Complete Knock Down) assembling plant, according to an official disclosure posted on the Dhaka bourse website Sunday.
The estimated production capacity of the plant will be 50,000 units per annum 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 ACI Motors.
ACI Limited, which operates through 14 subsidiaries and three joint ventures, was listed on the Dhaka Stock Exchange (DSE) in 1976. The pharmaceuticals & chemicals sector company belongs to the "A" category.
Each share of the ACI Limited closed at Tk 396.30 at the Dhaka bourse on Sunday, registering an increase of 1.33 per cent over the previous session.
The company disbursed 115 per cent cash and 10 per cent stock dividend for the year ended on June 30, 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.
The sponsor-directors own 44.30 per cent stake in the company, while institutional investors 28.79 per cent and the general public 26.91 per cent as on February 28, 2018, the DSE record shows.
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