Corporate DisclosureACI
ACI Corporate Disclosure — 15 June 2016
Announcement summary
- What happened
- ACI published a corporate disclosure on 15 June 2016. Read the full announcement for details.
- Company
- Advanced Chemical Industries PLC
- Announcement published
Original announcement
The Company has informed that The Board of Directors has acknowledged a distribution agreement on 5th June, 2016 between ACI Motors Limited, a subsidiary of ACI Limited having 66.50% stake and India Yamaha Motors Private Ltd. for an initial term of 3 years. Under this agreement, the Subsidiary will sell and distribute YAMAHA brand motorcycles and parts in its Bangladesh territory with an estimated sales target of Tk. 502 ml., Tk. 2,445 ml. and Tk. 3,400 ml. during the year 2016, 2017 and 2018 respectively.
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616acf2d5a6b000040061b92
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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