Tokyo Century Asia held 2 million shares representing 20% of the stake in Yoma Fleet. Yoma Strategic already owns the remaining 80%.
Yoma Strategic has, through its wholly-owned subsidiary, Myanmar Motors, agreed to acquire the remaining shares it does not own in Yoma Fleet.
On June 27, Myanmar Motors entered into a share exchange agreement with Tokyo Century Asia to acquire all of Tokyo Century Asia’s interest in Yoma Fleet.
