Dagon International

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]

Dagon International
TypeConglomerate
IndustryConstruction, Import-Export, Agriculture
Founded1990s (1990s)
FounderDagon Win Aung
Win Thein
Headquarters
Sanchaung Township, Yangon
,
Myanmar (Burma)
Key people
  • Dagon Win Aung, CEO
  • Moe Mya Mya, Managing Director
  • Ei Hnin Pwint (Christabelle Aung)
  • Thurane Aung (Christopher Aung)
  • Ei Hnin Khin (Christina Aung)
SubsidiariesDagon Timber Limited
Websitedagon-group.com

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.[5] His wife, Moe Mya Mya (also known as Yew Hoon See) serves as the company's managing director.[5] Their children Ei Hnin Pwint (Christabelle Aung), Thurane Aung (Christopher Aung) and Ei Hnin Khin (Christina Aung) also serve as company directors.[5]

Projects

Dagon International's real estate portfolio includes:

  • Dagon Centre
  • Dagon Centre II
  • Grand Golden View Condominiums
  • Palm Beach Resort, Ngwesaung Beach
  • The Oasis Hotel (Nay Pyi Taw)
  • Thurein Yeik Mon Housing Development

In 2003, the company opened a major retail shopping centre, Dagon Centre at the Myaynigone junction in Yangon's Sanchaung Township.[6] In December 2011, it opened Dagon Centre II, a six story shopping complex containing 60 shops and a theater.[7]

The company also upgraded and extended the national highway from Rangoon to Mandalay.[8]

Controversies

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.[9]

References
  1. "Tracking the Tycoons". The Irrawaddy. September 2008. Retrieved 28 October 2012.
  2. McCartan, Brian (26 August 2009). "On the march to do business in Myanmar". Asia Times. Archived from the original on 29 September 2009. Retrieved 28 October 2012.{{cite news}}: CS1 maint: unfit URL (link)
  3. Lalit K. Jha (16 January 2009). "Bush Slaps Sanctions on More Junta Cronies". The Irrawaddy. Retrieved 28 October 2012.
  4. "Burma Designation Removals". www.treasury.gov. Retrieved 2020-06-07.
  5. "Win Aung - A Rising Crony With Connections". WikiLeaks cable: 07RANGOON1203. US Embassy at Rangoon. 26 December 2007. Archived from the original on 21 February 2013. Retrieved 28 October 2012.
  6. Noe Noe Aung (12 December 2011). "Despite new competition, old retail centres retain customer interest". Myanmar Times. Archived from the original on 29 January 2013. Retrieved 28 October 2012.
  7. Noe Noe Aung (26 December 2011). "Dagon Center II open for business: manager". Myanmar Times. Retrieved 28 October 2012.
  8. Wai Moe (5 November 2007). "Dagon Win Aung: The Importance of Being Well-Connected". The Irrawaddy. Retrieved 28 October 2012.
  9. Slodkowski, Antoni (8 October 2012). "How Japan Inc stole a march on competitors to enter Myanmar". Myanmar Times. Retrieved 28 October 2012.
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