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BRIEF-JACCS to raise stake in vehicle financial firm to 60 pct from 40 pct
February 3, 2017 / 7:46 AM / in 6 months

BRIEF-JACCS to raise stake in vehicle financial firm to 60 pct from 40 pct

Feb 3 (Reuters) - JACCS Co Ltd :

* Says it plans to buy 20 percent stake in an Indonesia firm PT Mitra Pinasthika Mustika Finance (MPMF) which is engaged in vehicle sale finance and finance lease business

* Co will own 60 percent stake in MPMF after transaction, up from 40 percent stake currently

* Says further details remain to be determined

Source text in Japanese: goo.gl/WsfkJo

Further company coverage: (Beijing Headline News)

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