Japanese financial services firm Tokyo Century has taken a 20 percent stake in auto leasing firm Yoma Fleet in a deal worth USD 26.6 million, according to an article in Dealstreet Asia. The Japanese firm said that the move will expand Yoma Fleet’s current operations. Also, they will “explore opportunities to expand into further business lines”. Yoma Fleet is part of the Singapore-listed Yoma Strategic Holdings, with operations in real estate, consumer goods and financial services. Tokyo Century has made significant investments in Southeast Asia in recent years. Most notable investments include Singapore-based hail riding app Grab and Nobu Bank. The latter is an Indonesian lender which is part of the Lippo conglomerate.
