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.
source: The Irrawaddy
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