Mitsubishi UFJ Lease & Finance | May 31, 2019 |
News Release | |
Company Name: | Mitsubishi UFJ Lease & Finance Company Limited |
Representative: | Takahiro Yanai, President & CEO |
Security Code: | 8593 |
Listing: | Tokyo Stock Exchange, First Section |
Nagoya Stock Excahnge, First Section | |
For inquiries: | Taro Hasegawa, General Manager |
Corporate Communications Department |
Mitsubishi UFJ Lease & Finance Establishes Joint Venture
to Start Auto Auction Business in Indonesia
Mitsubishi UFJ Lease & Finance Company Limitedhereby announces that it has established PT. Balai Lelang Caready, an auto auction business, as a joint venture with PT. Takari Kokoh Sejahtera, our automobile leasing subsidiary in Indonesia.,and PT. Blue Bird Tbk., the largest taxi operating company in Indonesia.
Indonesia, with the world's fourth largest population, is the largest automobile market in ASEAN, where sales of both new and used cars are expected to continue growing.
CAREADY will provide customers with highly satisfying services by building unique IT services that make it possible to complete all services from bidding to payment and delivery via a mobile device, as well as providing all-weather indoor auction sites and parking spaces for more than 1,000 vehicles.
By entering the auction business, we aim to strengthen the value chain in the automobile leasing sector in Indonesia, and further expand our leasing business in the country.
Company name | PT. Balai Lelang Caready | |
Address | Blue Bird Training Center Building 5th FL Jalan Halim Perdana Kusuma | |
No. 1 Jakarta Timur, Indonesia | ||
Representative | Koji Hashimoto | |
Business description | Auto auction business | |
Shareholders | PT. Blue Bird Tbk. | :51.0% |
Mitsubishi UFJ Lease & Finance Company Limited :39.0% | ||
PT. Takari Kokoh Sejahtera | :10.0% | |
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Mitsubishi UFJ Lease & Finance Co. Ltd. published this content on 31 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 31 May 2019 01:18:07 UTC