Yoma unit, Volkswagen in Myanmar deal

YOMA Strategic Holdings is continuing to roll out new business ventures in Myanmar, this time, via a subsidiary's agreement to co-run Volkswagen's first service centre in the country.

The group said yesterday that its 70 per cent-owned unit, German Car Industries Company (GCI), has entered into a service partner agreement with Volkswagen Aktiengesellschaft (VW), to operate the latter's centre in Myanmar.

This will be located in Yangon, and is scheduled to begin operations this month.