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Burma’s Shwe Taung Group to Invest $500M in 5 Years

11 September 2013

Aik Htun, a well-connected tycoon and chairman of Burmese conglomerate Shwe Taung Group, told The Bangkok Post that his firm plans to invest heavily in the coming years. “We plan to invest about US$500 million in expansion over five years, focusing on property, shopping complexes and office towers,” he said, adding that Shwe Taung Group was interested in partnering with investors from Thailand and other countries. The conglomerate, which owns energy, construction and engineering companies, property, hotels and shopping centers, intends to double its business from $300 million last year to between $500 million and $600 million by 2017.

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