BUSINESS – Yoma group announces JV with Mitsubishi

Yoma Strategic Holdings Ltd has announced that its subsidiary, Myanmar Motors Pte Ltd, had entered into a joint venture with Japanese auto giant Mitsubishi. In a statement released on 27 April by Yoma CEO Andrew Rickards, the Burmese construction and property development firm said the new JV would be known as First Japan Tire Services Co Ltd, of which Myanmar Motors would hold some 21 percent of shares.