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Japan firm eyes stake in local MFI Chamroeun

Japan firm eyes stake in local MFI Chamroeun

Cambodian microfinance institution (MFI) Chamroeun Microfinance Plc is negotiating with Japanese firm Renet Japan Group to sell a 90 percent stake in the MFI to the Japanese used goods dealer, according to Nikkei Asian Review.

The Japan-based media outlet reported that the majority stake is valued at about $9.21 million, and the deal is scheduled to be finalised in August. Chamroeun Microfinance has 21 locations in major cities across Cambodia. It is registered with the country’s central bank and holds roughly $12.1 million in assets.

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