[3] In 2013, Aung Pyae Sone won a no-bid government permit well below market rates, for a 30-year lease on land at the Yangon People's Park for a high-end restaurant and art gallery, following his father's promotion to Commander-in-Chief.
Aung Pyae Sone's companies now earn substantial profits from military-linked purchases and projects, including the procurement of weapons and the supply of military uniforms.
[1] The U.S. Department of the Treasury has imposed sanctions on him and his younger sister Khin Thiri Thet Mon since 10 March 2021, pursuant to Executive Order 14014, in response to the Burmese military's coup against the democratically elected civilian government of Myanmar.
[15] In January 2023, the military junta awarded the company a contract to build a 40-megawatt solar power plant in Mandalay Region’s Thazi Township.
[16][17] The September 2022 raid found assets of Aung Pyae Sone's property title to a four-bedroom luxury condo worth nearly US$1 million in Bangkok's Belle Rama 9 complex, and his sister's bank records.