Dagon International
| Company type | Conglomerate |
|---|---|
| Industry | Construction, Import-Export, Agriculture |
| Founded | 1990s |
| Founder | Dagon Win Aung Win Thein |
| Headquarters | , Myanmar (Burma) |
Key people |
|
| Subsidiaries | Dagon Timber Limited |
| Website | dagon-group |
Dagon International Limited (Template:Lang-my) 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 and its chief executive officer Win Aung have been placed on the American sanctions list since 2009, for its close ties with the Burmese military.[2][3]
Update about Sanctions
The following deletions have been made to OFAC's SDN List as April 23, 2015.[4]
Management
Dagon International is headed by Dagon Win Aung.[5][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
- ^ "Tracking the Tycoons". The Irrawaddy. September 2008. Retrieved 28 October 2012.
- ^ McCartan, Brian (26 August 2009). "On the march to do business in Myanmar". Asia Times. Retrieved 28 October 2012.
- ^ Lalit K. Jha (16 January 2009). "Bush Slaps Sanctions on More Junta Cronies". The Irrawaddy. Retrieved 28 October 2012.
- ^ "Burma Designation Removals".
- ^ a b c d "Win Aung - A Rising Crony With Connections". WikiLeaks cable: 07RANGOON1203. US Embassy at Rangoon. 26 December 2007. Retrieved 28 October 2012.
- ^ Noe Noe Aung (12 December 2011). "Despite new competition, old retail centres retain customer interest". Myanmar Times. Retrieved 28 October 2012.
- ^ Noe Noe Aung (26 December 2011). "Dagon Center II open for business: manager". Myanmar Times. Retrieved 28 October 2012.
- ^ Wai Moe (5 November 2007). "Dagon Win Aung: The Importance of Being Well-Connected". The Irrawaddy. Retrieved 28 October 2012.
- ^ Slodkowski, Antoni (8 October 2012). "How Japan Inc stole a march on competitors to enter Myanmar". Myanmar Times. Retrieved 28 October 2012.