Thai debt collector JMT forays into micro-finance biz in Myanmar

Thai debt collector JMT forays into micro-finance biz in Myanmar

JMT logo from the company website

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.

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