Synnex to form JV for IT market in Myanmar
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Synnex (Thailand) Plc is expanding its IT business into Myanmar, through the establishment of a 51:49 joint venture within the first quarter of next year.
In a filing to the Stock Exchange of Thailand, the company said that the joint venture would be set up with a registered capital of Bt10 million.
"The purposes of the mentioned joint venture are for promoting the company's business opportunities and for supporting the growths of the economies among Asean neighboring countries after the Asean Economic Communty kicks off in 2015," said Supant Mongkolsuthree, president.
Established 23 years ago, Synnex is partially owned by Taiwan's Synnex Group. The Thai company distributes computers, computer peripherals, software, IT system, and computer consumables of over 50 world-recognized brands while the Company’s customer base includes countrywide computer retailers and wholesalers, local-branded computer manufacturers, department stores, superstores, and stationary shops, and etc.
