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Article: One of two biggest rice mills privatized in Myanmar
- Article from:
- Xinhua News Agency
- Article date:
- August 24, 2009
CopyrightCopyright 2009 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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One of two biggest rice mills privatized in Myanmar
YANGON, Aug. 24 (Xinhua) -- A 360-ton-capacity rice mill, one of
the two biggest in Myanmar, has been sold off to a giant private
enterprise, the local Weekly Eleven News reported Monday.
Owned by the state-run Myanmar Agricultural Produces and Trading,
the rice mill No.282 lying in Yangon's Hlaingtharya satellite
township, was sold off to the Union of Myanmar Economic Holdings
Ltd. (UMEHL) at a price of over 655 million Kyats (nearly 600,000
U.S. dollars), the report said.
The other biggest rice mill in the country goes to that situated
in Yangon's Ahlone township.
According to another report of the weekly Monday, the UMEHL also
won ...