Highway Holdings Lifts Ownership Interest In Myanmar Subsidiary - Quick Facts

(RTTNews) - Highway Holdings Limited (HIHO) announced the company has increased its ownership interest to 84 percent at its Myanmar subsidiary. The subsidiary currently operates approximately 20,000 sq. ft. of manufacturing and assembly space in Yangon, Myanmar.

"The increased ownership interest reflects our confidence in Myanmar and our latest success in transitioning new component manufacturing processes from our main manufacturing facilities in China to our Myanmar subsidiary. The operation in Myanmar is supported by our operation in China," said Roland Kohl, chairman, president and CEO.