Yunnan Yongle Overseas Investment Company Limited, a sister concern of Kunming Iron and Steel Holding Company Limited, signed a memorandum of understanding or MoU with BEZA at a Dhaka hotel on Wednesday. The Chinese firm signed another MoU with its Bangladeshi associate, Star Infrastructure Development Consortium Limited. Yongle Chairman Wu Yunkun, BEZA Executive Member Harun Ur Rashid and Star Consortium Managing Director Ashraful Haq Chowdhury, signed the MoU on behalf of their respective organisations. Star Consortium will work as Yongle’s local partner in the project. The firm targets to produce 2 million tonnes of iron and steel in its plant annually, Matlub said.

Source: bd News24 November 29, 2017 13:52 UTC