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Volkswagen to return to Myanmar

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Yangon - German carmaker Volkswagen has entered into a partnership to provide auto services for its vehicles in Myanmar, company sources said Wednesday. 

The service centre, operated by its local subsidiary German Car Industries, will open this month in Yangon, Yoma Strategic Holdings said in a statement. Yoma Holdings owns 70%t of German Car Industries.

Yoma Strategic Holdings is in turn majority-owned by Serge Pun & Associates (Myanmar) Ltd, run by Myanmar businessman Serge Pun.

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