Dagon International

Dagon International
Conglomerate
Industry Construction, Import-Export, Agriculture
Founded 1990s
Founder Dagon 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)
Subsidiaries Dagon Timber Limited

Dagon International Limited () 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 23rd 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:

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. Retrieved 28 October 2012.
  3. ↑ Lalit K. Jha (16 January 2009). "Bush Slaps Sanctions on More Junta Cronies". The Irrawaddy. Retrieved 28 October 2012.
  4. ↑ "Burma Designation Removals".
  5. ↑ 5.0 5.1 5.2 5.3 "Win Aung - A Rising Crony With Connections". WikiLeaks cable:07RANGOON1203. US Embassy at Rangoon. 26 December 2007. Retrieved 28 October 2012.
  6. ↑ Noe Noe Aung (12 December 2011). "Despite new competition, old retail centres retain customer interest". Myanmar Times. 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.