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Honda Motor Co Ltd And Bangladesh Steel and Engineering Corporation To Set Up JV Company To Manufacture Motorcycles-The Financial Express

Thursday, 27 Sep 2012 08:00pm EDT 

The Financial Express reported that Honda Motor Co Ltd and Bangladesh Steel and Engineering Corporation (BSEC) signed a Memorandum of Understanding (MoU) to set up a new joint venture company named Bangladesh Honda (Pvt) Ltd to produce and sell motorcycles. Under the deal, Honda and BSEC will now work for obtaining the incorporation certificate and trade license of the proposed company within this year. Initial paid up capital of the new joint venture company is Tk 610 million and share ratio of Honda and BSEC here is 70:30.