Investors in Yangon’s largest public bus company want the government to buy back their shares. Around 200 investors in the Yangon Urban Public Transportation Company (YUPT) have called on the Yangon Region Government to acquire their shares, dissatisfied with the company’s leadership and disappointing profits.

YUPT General Manager U Maung Maung Lwin told the Myanmar Times: “As far as I know, nearly 200 shareholders want to sell their shares back to the company. YUPT has 289 share holders who [have] invested a total of MMK 5 billion at MMK 100,000 per share.”

With around 900 buses, YUPT is the largest bus operator under the Yangon Bus Service, the aegis for public transportation in Yangon. According to U Maung Maung Lwin, the regional government has provided MMK 35 billion of the company’s MMK 40.6 billion paid-up capital.

Investors blame the company’s poor performance on its leadership. Fed up with its chairman and board of directors, whom many believe lack experience in the transportation industry, shareholders cancelled a meeting scheduled for October and called on the government to select new leadership as soon as possible.