MMC, MC, YSH and FMI sign a Memorandum of Understanding on the a

MMC, MC, YSH and FMI sign a Memorandum of Understanding on the after-sales
service business for Mitsubishi Motors in Myanmar 
Tokyo, Feb 15, 2013 - (JCN Newswire) -  Mitsubishi Motors Corporation (MMC),
Mitsubishi Corporation (MC), Yoma Strategic Holdings Ltd. (YSH) and First
Myanmar Investment Company Ltd (FMI) wish to jointly announce that they have
signed a Memorandum of Understanding (MOU) concerning the after-sales service
business for Mitsubishi Motors in the Republic of the Union of Myanmar
Since the recent deregulation of automobile importation in Myanmar, a number
of Mitsubishi Motors vehicles have been distributed through the used car
market. As MMC currently does not have any official after sales service network
in Myanmar, it has been a priority to establish this as soon as possible. 
Under this MOU, MMC, MC, YSH and FMI are now planning to establish an official
service center firstly in Yangon, followed by Mandalay and Nay Pyi Taw. Each
official service center will provide well-trained and highly qualified service
technicians with genuine parts to existing Mitsubishi Motors vehicle owners. 
Myanmar has economic potential to become one of the largest and most important
markets in Asia and the ASEAN region. MMC would like to build and strengthen
its trustworthy brand image by establishing the after sales service network. 
About Yoma Strategic Holdings Ltd. (Listed on the Main Board of the SGX-ST) 
Head office: Fuji Xerox Towers #25-05, 80 Anson Road, Singapore 079907
Year of establishment: August, 2006
Main business activities: Yoma Strategic Holdings Ltd. is a leading business
corporation with real estate, agriculture and automobile dealership businesses
in Myanmar and the People's Republic of China. Together with its partner,
the SPA Group, the Group is taking a conglomerate approach to build a
diversified portfolio of businesses in Myanmar.
Representative: Serge Pun, Executive Chairman 
About First Myanmar Investment Co. Ltd. (FMI) 
Head office: FMI Centre, Level 10 & 11, 380, Bogyoke Aung San Road,
Pabedan Township, Yangon, Myanmar
Year of establishment: 1992
Main business activities: FMI is one of Myanmar's leading public
companies. With over 4,700 individual shareholders, FMI is an investment
holding company that boasts a balanced portfolio of investments in 7 different
spheres of businesses, including financial services, real estate and automobile
distribution. The company is an entity within the SPA Group.
Representative: Serge Pun, Chairman 
About Mitsubishi Corporation 
Mitsubishi Corporation (MC; TSE: 8058) is a global integrated business
enterprise that develops and operates businesses across virtually every
industry including industrial finance, energy, metals, machinery, chemicals,
foods, and environmental business. MC's current activities are expanding
far beyond its traditional trading operations as its diverse business ranges
from natural resources development to investment in retail business,
infrastructure, financial products and manufacturing of industrial goods. With
over 200 bases of operations in approximately 80 countries worldwide and a
network of over 500 group companies, MC employs a multinational workforce of
nearly 60,000 people. For more information, please visit 
About Mitsubishi Motors 
Mitsubishi Motors Corporation (TSE: 7211) was established in 1970 and is one
of the few automobile companies in the world that produces a full line of
automotive products ranging from 660-cc mini cars and passenger cars to
commercial vehicles and heavy-duty trucks and buses. The company also operates
consumer financing services and provides this to its customer base. For more
information, please visit 
Mitsubishi Corporation
Tel: +81-3-3210-2171
Fax: +81-3-5252-7705 
Mitsubishi Motors
Public Relations Department
Tel: +81-3-6852-4275 
Copyright 2013 JCN Newswire. All rights reserved. 
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