Tokyo Century provides leasing, instalment sales and other financial services across 37 countries and regions. Listed on the Tokyo Stock Exchange, Tokyo Century has a market capitalisation of US$4.9 billion ($6.6 billion) and total assets of US$ 35.9 billion.
SINGAPORE (Apr 22): Yoma Strategic Holdings says Tokyo Century, one of the Japan’s largest leasing companies, will acquire a 20% stake for US$26.6 million ($36 million) in Yoma Fleet by way of newly issued shares.
The additional capital and expertise from Tokyo Century will enable Yoma Fleet to rapidly expand its vehicle leasing business in Myanmar. Upon the satisfaction of certain conditions to complete the subscription of new shares by Tokyo Century, Yoma Strategic will become an 80% shareholder in Yoma Fleet.
