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Yoma Strategic Holdings Ltd announces establishment of new subsidiaries

Monday, 27 Jan 2014 10:42pm EST 

Yoma Strategic Holdings Ltd:Says together with the group established a subsidiary Yoma Fleet Ltd in which it holds 100 pct rights and interests.Says incorporated in Myanmar with Issued and paid-up share capital of 50,000,000 Kyats comprising 50,000 ordinary shares.Says operating vehicle leasing and rental business is the principal activity of the business.Group’s 70% pro rata investment in the Operating Lease Business will be funded using internal sources.Says this investment is not expected to have any material financial impact on the consolidated net tangible assets and the earnings per share of the Company for the current financial year ending Mar. 31 2014.