Myanmar industry and retail group seeks partners

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Junction CenterShwe Taung Group, a Myanmar conglomerate, said it is interested in partnering with investors from Thailand and other countries in particularly the steel, factory building and department store businesses.

“We plan to invest about $500 million in expansion over five years, focusing on property, shopping complexes and office towers,” the group’s chairman Aik Htun said on September 11 according to Eleven Myanmar.

So far, the group has been in talks with Korea-based CJ Entertainment about the possibility of operating cinemas in Myanmar.

After prohibiting foreign investors from entering certain businesses, such as retailing, the Myanmar government is planning to enact a retail business law allowing foreign firms to invest in and own such businesses. This would open the doors to many international brands to start sales and distribution operations in Myanmar.

Shwe Taung Group involved in a number of industries including energy, construction and engineering, property, shopping centres, hotels, cement and construction materials, trading and entertainment.

It also opened the first shopping mall in Myanmar in 1999, Junction Center near Yangon International Airport, and wants to expand with at least five more shopping centers of this kind in other cities.

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Reading Time: 1 minute

Shwe Taung Group, a Myanmar conglomerate, said it is interested in partnering with investors from Thailand and other countries in particularly the steel, factory building and department store businesses.

Reading Time: 1 minute

Junction CenterShwe Taung Group, a Myanmar conglomerate, said it is interested in partnering with investors from Thailand and other countries in particularly the steel, factory building and department store businesses.

“We plan to invest about $500 million in expansion over five years, focusing on property, shopping complexes and office towers,” the group’s chairman Aik Htun said on September 11 according to Eleven Myanmar.

So far, the group has been in talks with Korea-based CJ Entertainment about the possibility of operating cinemas in Myanmar.

After prohibiting foreign investors from entering certain businesses, such as retailing, the Myanmar government is planning to enact a retail business law allowing foreign firms to invest in and own such businesses. This would open the doors to many international brands to start sales and distribution operations in Myanmar.

Shwe Taung Group involved in a number of industries including energy, construction and engineering, property, shopping centres, hotels, cement and construction materials, trading and entertainment.

It also opened the first shopping mall in Myanmar in 1999, Junction Center near Yangon International Airport, and wants to expand with at least five more shopping centers of this kind in other cities.

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