FINANCE
Group Lease eyes Laos, Vietnam markets
- Published: 14 Mar 2013 at 00.00
- Newspaper section: Business
Group Lease Plc (GL), the SET-listed motorcycle leasing firm, is planning to expand into Laos and Vietnam next year after a successful move into Cambodia last year.
GL aims to finance up to 1 million motorcycles by 2015, of which 35% will be in Thailand and the rest in other Asean countries.
Mitsuji Konoshita, the chairman and chief executive, said both Laos and Vietnam are promising markets, while the company plans to launch its business in Indonesia before the inauguration of the Asean Economic Community in 2016.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.
