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ACOM's Philippine-based consumer finance JV starts operations

Japan's ACOM CO. Ltd. said its Philippine-based consumer finance joint venture with Itochu Corp. commenced its personal loan business operation.

ACOM Consumer Finance Corp., which was incorporated in July 2017, commenced operations July 5, the company said in a same-day statement. ACOM holds an 80% stake in ACOM Consumer Finance, while the remaining 20% is held by Itochu.