Brief: ALD Partners With Mitsubishi UFJ Lease & Finance Company

Mitsubishi HC Capital

23/03/2020 07:25

March 23 (Reuters) - ALD SA  ALDA.PA :
    * ALD AND MITSUBISHI UFJ LEASE & FINANCE COMPANY TO LAUNCH
JOINT
VENTURE OPERATIONS IN MALAYSIA
    * THE TWO COMPANIES ENTERED INTO AJOINT VENTURE AGREEMENT ON
13TH
MARCH2020 TO ESTABLISH THEIR FIRST JOINT VENTURE COMPANY IN
MALAYSIA
    * JOINT VENTURE IS PART OF A JOINT SOUTH EAST ASIAN STRATEGY
AND
IT IS EXPECTED THAT BOTH GROUPS WILL FOLLOW THIS INITIAL LAUNCH
WITH FURTHER JOINT VENTURES OVER COMING YEARS TO COVER MAIN
COUNTRIES IN REGION
    * JOINT VENTURE WILL BE RESPONSIBLE FOR DEVELOPING BUSINESS
THROUGH A COMBINATION OF BOTH RESPECTIVE CLIENT BASES, INDUSTRY
EXPERTISE, LOCAL KNOWLEDGE AND FINANCIAL STRENGTH
    * THE JOINT VENTURE SUBSIDIARY IN MALAYSIA BETWEEN ALD AND
MUL IS
EXPECTED BE INCORPORATED IN Q2, 2020 SUBJECT TO ANY MERGER
CLEARANCES REQUIRED

Source text for Eikon:  ID:nEQ6cDnz8a 
Further company coverage:  ALDA.PA 

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