Aung Yee Phyo Company Explained

Aung Yee Phyo Company Ltd.
Native Name Lang:my
Type:Limited company
Industry:Timber, Agriculture
Hq Location City:Yangon
Hq Location Country:Myanmar
Areas Served:-->
Owner:Nay Aung
Pyi Aung
Homepage:-->
Parent:IGE Group of Companies

Aung Yee Phyo Company (Burmese: အောင်ရည်ဖြိုးကုမ္ပဏီ) is a timber trading and agricultural production company based in Myanmar. An affiliate of the IGE Group of Companies, it is owned by Nay Aung and Pyi Aung, the sons of Aung Thaung, a politician and former military general.[1] The company is currently subjected to economic sanctions by the United States government, because of its ties to the State Peace and Development Council, the former military junta.[2]

Notes and References

  1. News: Tracking the Tycoons. September 2008. The Irrawaddy. 11 July 2015. 11 July 2015. https://web.archive.org/web/20150711214827/http://www2.irrawaddy.org/article.php?art_id=14151&page=3. dead.
  2. News: New Blacklisting Shows Myanmar Business Perilous . Schectman . Joel . 31 October 2014 . Wall Street Journal . 11 July 2015 . dead . https://web.archive.org/web/20141108171756/https://blogs.wsj.com/riskandcompliance/2014/10/31/new-blacklisting-shows-myanmar-business-still-perilous/ . November 8, 2014 .