Press Release

uab bank partners Mayflower Group forits Corporate Fleet Management

Myanmar, 9th May 2019 – uabbankofficially announced the partnership with Mayflower Group’s subsidiary MAT Transportation Solution (Myanmar) Company Limited (MATTS) for its corporate fleet management. This strategic partnership will see MATTS providing up to 170 vehicles to support uab bank’s business and operational needs as well as undertaking preventive maintenance for the fleet. Each of the vehicle will be equipped with an advanced telematics system including global positioning system (GPS)and a vehicle monitoring systemthat provides real-time tracking and monitoring of the vehicle including location, fuel consumption, driving pattern of the drivers and the general condition of the vehicle. Each of these new cars will also be insured with Grand Guardian Insurance (GGI), a leading insurer in Myanmar, to enhance protection for both driver and passengers.
Further to the 20 units of Nissan Sunny handed over to uab bank in January 2019, today’s event at Times City will see an additional 30 units added to uab bank’s fleet of new cars. Times City was chosen as the location for the handover as it is set to become the new Head Office for uab bank by this July 2019.
Commenting on the partnership, uab bank CEO Christopher Loh said:
“This strategic partnership with MATTS is timely as we embarked on our rebranding exercise and allowed us to instill a greater sense of pride and comfort amongst uabians with brand new Nissan Sunny cars for our departments and branches. The Nissan Sunny is one of the best-sellingsedansglobally that combines reliability andsafety with class-leading space for passengers and the boot. The fleet management system has allowed us to track and manage our fleet in real-time, leading to better efficiency and lower cost. Many of our staff and drivers are thrilled with the new cars since we received the first batch in January 2019, and many others are waiting eagerly to get inside one of these.
We are pleased with this partnership with MATTS who has been a good partner, understanding our requirements and going beyond to forge a win-win collaboration. We look forward to strengthening and deepening this partnership in the years ahead.”
Responding to the partnership, Mayflower Group CEO, Chin Ten Hoy said:
“This is another milestone for Mayflower in our effort to embark on regional expansion and to stay ahead of the competition. We believe, we have found the right business partner in the likes of uab bank and we envisage that the partnership will go a long way with a win-win and fruitful business venture moving forward.

With the establishment of our sister companies, Tan Chong Group’s various subsidiaries in Myanmar which would generate a strong synergy to grow the vehicle leasing business, Mayflower Group hopes to contribute positively in Myanmar tourism, transportation and logistics industry by innovating, creating and introducing new products and approaches on a consistent basis. Today’s vehicles handing over ceremony is just the beginning of a great success story in the near future and I’m very much looking forward to be part of this success story in the making.”

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