ADN Telecom Ltd has partnered with South Korea’s PBS Co Ltd and CND Motors Co Ltd to assemble and supply electric three-wheelers in Bangladesh, under agreements that also cover smart traffic systems and solar streetlights. The agreements cover three major projects: the assembly and supply of electric three-wheelers; intelligent traffic management and artificial intelligence-based traffic signal solutions; and a solar streetlight installation project, according to a disclosure posted on the website of the Dhaka Stock Exchange (DSE) today.
As part of the deals, ADN will take preliminary steps to set up assembly facilities and drive sustainable technology projects in Bangladesh, particularly in hi-tech parks. The Korean firms will provide advanced technology, equipment, and technical expertise, while ADN will facilitate project implementation and market development.
The collaborations will be carried out through joint ventures to be established in Bangladesh to ensure technology transfer, local job creation, and long-term operational sustainability, ADN said in the disclosure.
As of August 31, 2025, sponsors and directors held 42.81 percent of ADN Telecom’s shares, while institutional investors owned 24.46 percent, foreign investors 1.99 percent, and general shareholders 30.74 percent, according to data from the DSE.
https://www.thedailystar.net/business/economy/news/meghna-enters-heavy-vehicle-tyre-production-after-gazi-falls-3985116
