Property and construction group Yoma Strategic Holdings Ltd is entering the tyre business in Myanmar through a joint venture with Mitsubishi Corp.
Yoma said its 70 percent-owned subsidiary Myanmar Motors has entered into an agreement with Mitsubishi relating to their joint-venture company, First Japan Tire Services Co Ltd (FJTS). The joint venture will provide sales support for Bridgestone tyres in Myanmar. (bit.ly/TRnw2I)
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NOTE: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Anshuman Daga)