Highway Holdings Myanmar plant loses customers amid political backlash, pares workforce
HIHO•Highway Holdings said a major OEM cut motor orders in fiscal 2026, while most customers stopped doing business with its Myanmar operations over political and human-rights-related concerns. Cash was $4.4 million as of March 31, 2026.
1. Operations disrupted
Highway Holdings faced a sharp disruption in fiscal 2026 after a major OEM cut motor orders, shrinking revenue and pressuring profitability. Most customers stopped doing business with its Myanmar operations, which effectively halted, and the workforce was reduced to a core team. Its China plant resumed game console production, but volumes remained too low to cover the group’s cost base.
2. Liquidity position
The company had $4.4 million in cash as of March 31, 2026, with minimal debt and a 2.36:1 current ratio.
