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JAPAN LOGISTIC SYSTEMS CORP to Establish New Subsidiary in Myanmar

Friday, 13 Sep 2013 02:00am EDT 

JAPAN LOGISTIC SYSTEMS CORP announced that it has decided to establish a new subsidiary, LOGITEM MYANMAR CO.,LTD. in Myanmar, with a registration capital of USD 3,000,000 or approximately JPY 300 million, effective October 1, 2013. The Company will hold a 65% stake and MYANMAR BELLE LOGISTICS & SERVICES CO.,LTD.will hold a 35% stake in the new subsidiary. 

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12:57am EDT