TOKYO, February 15, 2013 - Mitsubishi Motors Corporation(MMC), Mitsubishi Corporation(MC), Yoma Strategic Holdings Ltd.(YSH) and First Myanmar Investment Company Ltd(FMI) wish to jointly announce that they have signed a Memorandum of Understanding (MOU) concerning the after-sales service business for Mitsubishi Motors in the Republic of the Union of Myanmar (Myanmar).

 

Since the recent deregulation of automobile importation in Myanmar, a number of Mitsubishi Motors vehicles have been distributed through the used car market. As MMC currently does not have any official after sales service network in Myanmar, it has been a priority to establish this as soon as possible.

 

Under this MOU, MMC, MC, YSH and FMI are now planning to establish an official service center firstly in Yangon, followed by Mandalay and Nay Pyi Taw. Each official service center will provide well-trained and highly qualified service technicians with genuine parts to existing Mitsubishi Motors vehicle owners.

 

Myanmar has economic potential to become one of the largest and most important markets in Asia and the ASEAN region. MMC would like to build and strengthen its trustworthy brand image by establishing the after sales service network.

 

(4) Main business activities: Mitsubishi Corporation (MC) is a global integrated business enterprise that develops and operates businesses across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business. MC's current activities are expanding far beyond its traditional trading operations as its diverse business ranges from natural resources development to investment in retail business, infrastructure, financial products and manufacturing of industrial goods.

(5) Sales: JPY 20,126 billion (Consolidated basis, for the year ended March 31, 2012)

(6) Number of employees: 58,470 (Consolidated basis, as of March 31, 2012)

(7) Representative: Ken Kobayashi, President and Chief Executive Officer

 

(1) Head office: Fuji Xerox Towers #25-05, 80 Anson Road, Singapore 079907

(2) Year of establishment: August, 2006

(3) Main business activities: Yoma Strategic Holdings Ltd. is a leading business corporation with real estate, agriculture and automobile dealership businesses in Myanmar and the People’s Republic of China. Together with its partner, the SPA Group, the Group is taking a conglomerate approach to build a diversified portfolio of businesses in Myanmar.

(4) Representative: Serge Pun, Executive Chairman

 

(1) Head office: FMI Centre, Level 10 & 11, 380, Bogyoke Aung San Road, Pabedan Township, Yangon, Myanmar

(2) Year of establishment: 1992

(3) Main business activities: FMI is one of Myanmar’s leading public companies. With over 4,700 individual shareholders, FMI is an investment holding company that boasts a balanced portfolio of investments in 7 different spheres of businesses, including financial services, real estate and automobile distribution. The company is an entity within the SPA Group.

(4) Representative: Serge Pun, Chairman

 

 

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