Dagon International Explained

Dagon International
Type:Conglomerate
Founder:Dagon Win Aung
Win Thein
Location City:Sanchaung Township, Yangon
Location Country:Myanmar (Burma)
Industry:Construction, Import-Export, Agriculture
Subsid:Dagon Timber Limited

Dagon International Limited (Burmese: ဒဂုံအင်တာနေရှင်နယ်ကုမ္ပဏီ) is a major Burmese conglomerate with interests in construction, timber extraction, agriculture and import-export. The company was founded by Dagon Win Aung and Win Thein in the early 1990s.[1]

From 2009 to 2015, Dagon International and its chief executive officer Win Aung were placed on the American sanctions list since 2009, for its close ties with the Burmese military.[2] [3] [4]

Management

Dagon International is headed by Dagon Win Aung. His wife, Moe Mya Mya (also known as Yew Hoon See) serves as the company's managing director. Their children Ei Hnin Pwint (Christabelle Aung), Thurane Aung (Christopher Aung) and Ei Hnin Khin (Christina Aung) also serve as company directors.

Projects

Dagon International's real estate portfolio includes:

In 2003, the company opened a major retail shopping centre, Dagon Centre at the Myaynigone junction in Yangon's Sanchaung Township.[5] In December 2011, it opened Dagon Centre II, a six story shopping complex containing 60 shops and a theater.[6]

The company also upgraded and extended the national highway from Rangoon to Mandalay.[7]

Military ties

Through the Dagon Win Aung's ties to the military, the company gained exclusive logging rights to harvest timber from Myanmar's protected forest reserves.[8]

Notes and References

  1. News: Tracking the Tycoons. September 2008. The Irrawaddy. 28 October 2012.
  2. News: On the march to do business in Myanmar. https://web.archive.org/web/20090929061423/http://www.atimes.com/atimes/Southeast_Asia/KH26Ae01.html. unfit. 29 September 2009. McCartan. Brian. 26 August 2009. Asia Times. 28 October 2012.
  3. News: Bush Slaps Sanctions on More Junta Cronies. Lalit K. Jha. 16 January 2009. The Irrawaddy. 28 October 2012.
  4. Web site: Burma Designation Removals. 2020-06-07. www.treasury.gov.
  5. News: Despite new competition, old retail centres retain customer interest . https://archive.today/20130129043330/http://www.mmtimes.com/2011/business/605/biz3160507.html . dead . 29 January 2013 . Noe Noe Aung . 12 December 2011 . Myanmar Times . 28 October 2012 .
  6. News: Dagon Center II open for business: manager. Noe Noe Aung. 26 December 2011. Myanmar Times. 28 October 2012.
  7. News: Dagon Win Aung: The Importance of Being Well-Connected. Wai Moe. 5 November 2007. The Irrawaddy. 28 October 2012.
  8. News: How Japan Inc stole a march on competitors to enter Myanmar. Slodkowski. Antoni. 8 October 2012. Myanmar Times. 28 October 2012.