Myanmar industry and retail group seeks partners

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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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. “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...

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.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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