Rancon Motor Bikes signs agreement for capital market listing
Rancon Motor Bikes Ltd, the authorised manufacturer and exclusive country distributor of Suzuki motorcycles in Bangladesh, has signed an agreement as part of its proposed public listing.
Under the agreement, Lion City Advisory Limited (LCAL) will act as adviser, while CBC Capital and Equity Management Limited will serve as issue manager for the proposed listing, according to the press release.
The agreement was signed at Rangs Babylonia in Tejgaon, Dhaka.
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Rancon Motor Bikes Managing Director Romo Rouf Chowdhury and Lion City Advisory Limited Executive Director Ershad Hossain signed the agreement on behalf of their respective organisations.
Under the agreement, LCAL will provide corporate and capital market advisory services to Rancon Motor Bikes, while CBC Capital and Equity Management Limited will act as issue manager for the proposed listing.
Rancon Motor Bikes senior officials Ahsan Hakim, Farhana Karim, Imran Zaman Khan and Abu Jafar Siddique attended the signing ceremony.
Abdullah Al Faisal and other officials represented Lion City Advisory Limited, while Rabiul Hossain represented CBC Capital and Equity Management Limited.
The proposed listing will mark a step in the company's efforts to access Bangladesh's capital market and broaden its participation in the country's capital market ecosystem.
Lion City Advisory provides corporate advisory services to companies in Bangladesh and abroad.
