Thein Tun | |
|---|---|
| Born | 26 March 1937 |
| Died | 18 April 2022 (aged 85) |
| Known for | Founder of Myanmar Golden Star |
| Children | 3 |
Thein Tun ( Burmese: သိန်းထွန်း; 26 March 1937 [1] – 18 April 2022) [1] was a Burmese businessman and founder of Myanmar Golden Star. [2] He was best known for introducing Pepsi into the Burmese market through Myanmar Golden Star in 1991. [2] He benefited from close connections with Tun Kyi, a former Burmese general. [2]
Early life
Thein Tun was born in Wakema Township, Irrawaddy Division (now Ayeyarwady Region). [3]
Career
In 1990, Thein Tun introduced Pepsi to the Burmese market, after PepsiCo entered into a 10-year joint venture with Thein Tun's Myanmar Golden Star (MGS). [3] In 1997, amid new US sanctions on the Burmese military junta, PepsiCo exited the Burmese market. [3] In 2014, he sold 70% of MGS' shares to Korean-owned Lotte Chilsung. [3]
Thein Tun also founded Tun Foundation Bank. In 2014, he acquired majority stake in Myanmar Consolidated Media, which owns Myanmar Times. [4] The newspaper suspended operations in February 2021, following the 2021 Myanmar coup d'état, after employees resigned en masse. [3]
Death
He died in Bangkok, Thailand on 18 April 2022. [3]
Personal life
Thein Tun was married to Nelly Than. [2] He had 2 sons and one daughter. His son, Thant Zin Tun, is president of Mandalay Novotel Hotel and LP Holding Group, while another son, Oo Tun, is managing director of MGS Beverages. [2] His only daughter, Mi Mi Tun, is an executive director at MGS Beverages. [2] Thein Tun's son-in-law, Aung Moe Kyaw, owns International Beverages Trading. [5]
References
- ^ a b "မြန်မာနိုင်ငံစီးပွားရေးကဏ္ဍ ဖွံ့ဖြိုးရေးနှင့် လူမှုအကျိုးဆောင်ပုဂ္ဂိုလ်ကြီး ဦးသိန်းထွန်း | Ministry Of Information". www.moi.gov.mm. Retrieved 22 April 2022.
- ^ a b c d e f "Burmese Tycoons Part II". The Irrawaddy. July 2000. Retrieved 11 July 2015.
- ^ a b c d e f Oo, Dominic (2022-05-18). "'Godfather' of Myanmar's crony capitalists dies". Asia Times. Retrieved 2023-09-26.
- ^ "Tycoon U Thein Tun buys majority share The Myanmar Times". Mizzima. 3 March 2014. Retrieved 11 July 2015.
- ^ Aung Min; Toshihiro Kudo (2014). "Business Conglomerates in the Context of Myanmar's Economic Reform" (PDF). Myanmar's Integration with Global Economy: Outlook and Opportunities. Bangkok Research Report. Archived from the original (PDF) on 24 September 2015. Retrieved 11 July 2015.
 | This Burmese biographical article is a stub. You can help Wikipedia by expanding it. |
 | This Asian business-related biographical article is a stub. You can help Wikipedia by expanding it. |
Thein Tun | |
|---|---|
| Born | 26 March 1937 |
| Died | 18 April 2022 (aged 85) |
| Known for | Founder of Myanmar Golden Star |
| Children | 3 |
Thein Tun ( Burmese: သိန်းထွန်း; 26 March 1937 [1] – 18 April 2022) [1] was a Burmese businessman and founder of Myanmar Golden Star. [2] He was best known for introducing Pepsi into the Burmese market through Myanmar Golden Star in 1991. [2] He benefited from close connections with Tun Kyi, a former Burmese general. [2]
Early life
Thein Tun was born in Wakema Township, Irrawaddy Division (now Ayeyarwady Region). [3]
Career
In 1990, Thein Tun introduced Pepsi to the Burmese market, after PepsiCo entered into a 10-year joint venture with Thein Tun's Myanmar Golden Star (MGS). [3] In 1997, amid new US sanctions on the Burmese military junta, PepsiCo exited the Burmese market. [3] In 2014, he sold 70% of MGS' shares to Korean-owned Lotte Chilsung. [3]
Thein Tun also founded Tun Foundation Bank. In 2014, he acquired majority stake in Myanmar Consolidated Media, which owns Myanmar Times. [4] The newspaper suspended operations in February 2021, following the 2021 Myanmar coup d'état, after employees resigned en masse. [3]
Death
He died in Bangkok, Thailand on 18 April 2022. [3]
Personal life
Thein Tun was married to Nelly Than. [2] He had 2 sons and one daughter. His son, Thant Zin Tun, is president of Mandalay Novotel Hotel and LP Holding Group, while another son, Oo Tun, is managing director of MGS Beverages. [2] His only daughter, Mi Mi Tun, is an executive director at MGS Beverages. [2] Thein Tun's son-in-law, Aung Moe Kyaw, owns International Beverages Trading. [5]
References
- ^ a b "မြန်မာနိုင်ငံစီးပွားရေးကဏ္ဍ ဖွံ့ဖြိုးရေးနှင့် လူမှုအကျိုးဆောင်ပုဂ္ဂိုလ်ကြီး ဦးသိန်းထွန်း | Ministry Of Information". www.moi.gov.mm. Retrieved 22 April 2022.
- ^ a b c d e f "Burmese Tycoons Part II". The Irrawaddy. July 2000. Retrieved 11 July 2015.
- ^ a b c d e f Oo, Dominic (2022-05-18). "'Godfather' of Myanmar's crony capitalists dies". Asia Times. Retrieved 2023-09-26.
- ^ "Tycoon U Thein Tun buys majority share The Myanmar Times". Mizzima. 3 March 2014. Retrieved 11 July 2015.
- ^ Aung Min; Toshihiro Kudo (2014). "Business Conglomerates in the Context of Myanmar's Economic Reform" (PDF). Myanmar's Integration with Global Economy: Outlook and Opportunities. Bangkok Research Report. Archived from the original (PDF) on 24 September 2015. Retrieved 11 July 2015.
|
| This Burmese biographical article is a stub. You can help Wikipedia by expanding it. |
|
| This Asian business-related biographical article is a stub. You can help Wikipedia by expanding it. |