JMT Network Services (JMT), a Thai-listed debt collector, will form a joint venture – JP Finance Co Ltd – with its partners, to operate a microfinance business in Myanmar. This was approved by the company’s board of directors recently.
According to the local online news infoquest, the new company starts with a registered capital of 600 billion kyat ($571,428), divided into two million shares with a par value of 300 kyat. JMT will own 1.4 million shares, equivalent to 70 per cent of total registered capital.
