Proposal for the joint venture has been submitted to the Myanmar Investment Commission, and it is expected to be able to start the business in October, said Mr. Min Banyar San, CEO of Hintha Media Corporation.
“We will do business in Myanmar as the same way we do in Japan. ADK does not aim at short-term profits. We aim at the long-term benefits. We will perform to achieve the number 1 position in Myanmar market,” said Mr. Shinichi Ueo, CEO of ADK Group.
The total investment in the joint venture will JPY63 million, and ADK and Hintha Media have planned to invest at the ratio of 70 to 30 percent. ADK has 48 offices in 21 countries and is ranked as the 14th largest globally.
Source: ELEVEN Media