According to business sources, YHI Aung (Myanmar) Company, which includes major shares owned by Min Aung Hlaing’s son Aung Pyae Sone, is importing and distributing renowned Japanese and European car tires and lubricants under the leadership of businessman Maung Maung Naing. As Aung Pyae Sone’s trusted associate, Maung Maung Naing oversees Sky One Construction Company and various other business ventures. Additionally, through YHI Aung (Myanmar) Company, they have established a monopoly in Myanmar’s tire and engine oil market by importing famous car tires and lubricants.
YHI Aung (Myanmar) Company imports and distributes Japanese Yokohama tires, Europe’s renowned Dunlop tires, and French Total company’s ELF engine oil. The company is a joint venture between Aung San Company Limited and YHI Corporation (Singapore). Despite Western countries imposing economic sanctions on Aung Pyae Sone and Maung Maung Naing, their company continues to maintain import rights for European and Japanese branded products. Business circles in Yangon point out that while Aung Pyae Sone and Maung Maung Naing face international economic sanctions, their company maintains the ability to import European engine oils and car tires.
According to business leaders, Maung Maung Naing serves as Aung Pyae Sone’s key representative, operating businesses under new company names to circumvent international sanctions. YHI Aung (Myanmar) Company has established itself as a dominant player in Myanmar’s tire and lubricant market, securing exclusive distribution rights for international high-quality products. The business community notes that this situation demonstrates how military council leader’s family members are finding various ways to evade international economic sanctions. The company’s continued operations and ability to maintain import rights for prestigious international brands, despite sanctions, highlights the challenges in effectively implementing international economic restrictions against military-affiliated businesses in Myanmar.
