Chairman of the Yabang Group Xu Xiaochu joined the function as the special guest through online while Bangladesh Ambassador to China Mahbub Uz Zaman joined it as the guest of honour. BEZA Executive Member (Planning and Development) Irfan Sarif and Deputy Director of the Yabang Investment Holding Group Wei Zhu inked the agreement on behalf of their respective sides. The investment of Yabang Group will help Bangladesh diversify its export basket as well as ensure technology transfer, he added. The Yabang Investment Holdings Group Co Limited, a Chinese company that originally belongs to the Yabang group of China, has a plan to invest US$300 million in textile and other chemical industries. The Yabang Group is one of the leading companies in the chemical sector with present operating income exceeding 32 billion RMB ($4.5 billion) in China.

Source: Dhaka Tribune August 04, 2020 09:22 UTC