JMT Network Services Public Company Limited, a debt collector and loan provider in Thailand under Jay Mart Public Company Limited, recently announced that the organization and unnamed partners aim to establish a joint venture, JP Finance Co Ltd. The objective of JP Finance will be to operate microfinance businesses in Myanmar. This joint venture will be JMT’s first expansion abroad [1].
JP Finance is to start with a registered capital of MMK 600 billion (USD 571,000) divided into two million shares and JMT will own 70 percent of these [1].
As of 2014, JMT reported total assets of THB 2.22 billion (USD 61.6 million) and return on equity of 20.9 percent.
By Hye In Arielle Oh, Research Associate
About JMT Network Services Public Company Limited (JMT)
JMT Network Services Public Company Limited (JMT) was established in 1994 as a subsidiary of Jay Mart Public Company Limited, a Thai company that is engaged in wholesale and retail-sale of mobile phones. JMT also operates debt collection services as well as purchases of loans, debts and non-performing accounts receivables. As of 2014, JMT reported total assets of THB 2.22 billion (USD 61.6 million) and return on equity of 20.9 percent.
Sources and Additional Resources:
[1] DealStreetAsia: “Thai debt collector JMT forays into micro-finance biz in Myanmar,” http://www.dealstreetasia.com/stories/thai-debt-collector-jmt-forays-into-micro-finance-biz-in-myanmar-10422/
[2] The Financial Times LTD: “JMT Network Services PCL,” http://markets.ft.com/research/Markets/Tearsheets/Financials?s=JMT:SET
[3] Bloomberg Business: “Jaymart Pcl (JMART:Bangkok),” http://www.bloomberg.com/research/stocks/snapshot/snapshot.asp?ticker=JMART:TB
MicroCapital Universe Profile, “JMT Network Services Public Company Limited (JMT),” https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=JMT+Network+Services+Public+Company+Limited+%28JMT%29
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