SINGAPORE Dec 19 Singapore-listed Yoma
Strategic Holdings Ltd said on Thursday it had signed
a joint venture agreement with Japanese trading house Sumitomo
Corp to distribute and service Hino trucks and buses in
Sumitomo will own 60 percent of the joint venture while Yoma
will have 20 percent, the Singapore conglomerate with various
businesses in Myanmar said in a statement.
First Myanmar Investment Co., a firm controlled by Yoma
founder and executive chairman Serge Pun, will own the remaining
20 percent stake.
Hino Motors, a unit of Toyota Motor Corp, is
Japan's largest manufacturer of heavy- and medium-duty trucks.
(Reporting by Kevin Lim; Editing by Stephen Coates)