Myanmar Motor open to divest 50% in bus venture to foreign players

Myanmar Motor open to divest 50% in bus venture to foreign players

Photo: Juliet Shwe Gaung. Garbage truck produced by MMC.

Myanmar Motor Corporation Public Company Limited (MMC), a Yangon-based company that plans to operate a $10-million bus assembly and production facility, is keen to rope in overseas investors by divesting 50 per cent stake in the venture.

The company is currently in talks with two well-known foreign brands in the motor production space. The move is also seen as a means to expand its footprint outside Myanmar.

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