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Zaw Win Shein

This article will address Zaw Win Shein, a topic that has captivated the interest of numerous scholars and specialists in different areas of knowledge. The relevance of Zaw Win Shein is manifested through its impact on society, culture, history and human development. Over time, Zaw Win Shein has sparked debates, research and reflections that have enriched the understanding of this phenomenon. From various perspectives and approaches, the multiple facets of Zaw Win Shein have been analyzed, revealing its complexity and its influence on various aspects of daily life. In this sense, this article aims to explore the phenomenon of Zaw Win Shein in a comprehensive and rigorous manner, providing a broad and updated vision of this topic.

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Zaw Win Shein
ဇော်ဝင်းရှိန်
Born15 November 1978 (1978-11-15) (age 47)
OccupationBusinessperson
OrganizationAyeyar Hinthar Holdings [1]
SpouseShwe Yin Mar
ParentThann Sein

Zaw Win Shein (Burmese: ဇော်ဝင်းရှိန်; born 1978) is a Burmese businessperson, best known for founding Ayeyar Hinthar Holdings,[2][3][4][1]a major conglomerate operating in Myanmar's agriculture, import/export, construction, trading, healthcare and banking sectors in Myanmar.[5] He was the former owner of Ayeyawady United F.C.[6][7]

Early life and education

Zaw Win Shein was born on 15 November 1978 in Hinthada Township, Irrawaddy Division, Burma (now Ayeyarwady Region, Myanmar).[8]

Career

At the age of 16, after his matriculation, Zaw Win Shein worked as an apprentice in his parents' agricultural products and rice export business. His father is U Thann Sein.[citation needed]

At 19, he borrowed capital from his parents to establish Seven Aluminium Company [9] in 2006. In 2007, he founded Ayeyar Hinthar Trading Co., which exported rice and agricultural products, following government policy reforms. The company became one of Myanmar’s leading rice exporters, through the acquisition of lucrative licences via ties with the son of Tin Aung Myint Oo, a Burmese military general.[10] Subsequent market reforms also expanded its vegetable oil import business.[citation needed] Ayeyar Hinthar Group has been listed among Myanmar’s top taxpayers since 2006.[11]

Ayeyar Hinthar later diversified into healthcare with the founding of Victoria Hospital in 2011,[12] the Pathein Industrial Project in 2012,[13] and Ayeyarwady Farmers Development Bank (dba "A Bank") in 2014.[14] In the same year, Ayeyar Hinthar Holdings Co. Ltd. was incorporated as the group’s holding company.

In 2015, the group partnered with Singapore’s Soil Build Group on the Rose Hill Condominium Project.[15] In 2017, it launched the Y-Complex project in Yangon in partnership with Fujita Corporation, Tokyo Tatemono, and the Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN).[16]

In 2018, the group partnered with Électricité de France (EDF), Marubeni Corporation, and Myanmar’s Ministry of Energy and Electricity on the 671 MW Shweli 3 Hydropower Project in Shan State. [17] In 2019, Ayeyarwaddy International Industrial Port Co. Ltd. was established to facilitate agricultural exports.

Events since 2021

Zaw Win Shein has been accused of having connections to high-ranking military officials.[10]Following the 2021 Myanmar coup d'état, he was reportedly held briefly under military supervision before being released.[18]

Other prominent business figures were also reportedly detained around the same time, including Khin Maung Aye of CB Bank, some construction businesspeople, and owners associated with the NLD, most of whom have since been released.[19]

In October 2022, Ooredoo finalised its sale to Nine Communications. Allegations emerged that Nine Communications is closely connected with Ayeyar Hinthar Holdings; however, Ooredoo has denied these claims.[20][21][22] The actual owner of Ooredoo Myanmar is Jon Nathan Kyaw Thaung, not Zaw Win Shein, and the identity of this true owner only became publicly known in 2025; he owns the company through his KT Group.[23][24]

Ayeyar Hinthar Holdings is involved in major development projects, including the Y Complex.[20][25][26]

Personal life

Zaw Win Shein is married to Shwe Yin Mar.

References

  1. ^ a b "Ayeyar Hinthar Holdings". ayeyarhinthar.com. Retrieved 2023-09-20.
  2. ^ "Military to Profit on Lucrative Land Deal". Justice For Myanmar. Retrieved 2020-06-06.
  3. ^ "Japan-backed luxury hotel and office complex will enrich military, says rights group". Myanmar NOW. Retrieved 2020-05-23.
  4. ^ "The main orchestrator behind the sale of Ooredoo Myanmar". LuduNwayOo. 2022-11-24. Retrieved 2023-02-11.
  5. ^ "Zaw Win Shein". FWP Research. 2020. Archived from the original on 2022-10-02.
  6. ^ "Delta United Owner Changed". Soccer Myanmar.com (in Burmese). 11 April 2009. Archived from the original on 16 July 2011. Retrieved 14 May 2009.
  7. ^ "MFF ဥက္ကဋ္ဌ ဦးဇော်ဇော်က Delta United ကို လွှဲပြောင်းပေးအပ်". BNI Myanmar. 2009-10-01. Retrieved 2025-11-19.
  8. ^ "Zaw Win Shein". FWP Research. 2020. Archived from the original on 2022-10-02.
  9. ^ "7 Aluminium Company". 7aluminium.com. Retrieved 2023-09-20.
  10. ^ a b Thura, Aung (2025-06-10). "Chameleon Crony: How Myanmar's 'Baby' Tycoon Thrived Across Four Eras". The Irrawaddy. Retrieved 2025-08-31.
  11. ^ "Top Taxpayer List". tvpmyanmar.com. Archived from the original on 2023-10-14. Retrieved 2023-09-20.
  12. ^ "Victoria Hospital Myanmar". victoriahospitalmyanmar.com. Retrieved 2023-09-20.
  13. ^ "PIC Corporate Brochure" (PDF). Archived from the original (PDF) on October 14, 2023. Retrieved October 9, 2023.
  14. ^ "A Bank". abank.com.mm. Retrieved 2023-09-20.
  15. ^ "Rose Hill Condominium Project". rosehillresidences.com. Archived from the original on 2023-08-28. Retrieved 2023-09-20.
  16. ^ "Y-Complex". tatemonoasia.com. Archived from the original on 2021-06-22. Retrieved 2023-09-20.
  17. ^ "Shweli 3 Hydropower Project". gnlm.com.mm. Retrieved 2023-09-20.
  18. ^ "Myanmar's military rounds up business people". Asia Times. 15 February 2021.
  19. ^ "Leak suggests 27 leading cronies banned from leaving Burma". DVB. 2021. Retrieved 2025-11-19.
  20. ^ a b Irrawaddy, The (2022-09-12). "Military Crony Linked to New Ownership of Ooredoo's Myanmar Unit". The Irrawaddy. Retrieved 2023-02-11.
  21. ^ "အော်ရီဒူးမြန်မာအရောင်းအဝယ်ကို အဓိကကြိုးကိုင်ခဲ့သူ". LuduNwayOo (in Burmese). 2022-10-23. Retrieved 2025-11-19.
  22. ^ "အူရီဒူးမြန်မာပိုင်ရှင်သစ် ဧရာဟင်္သာလုပ်ငန်းစုမှ ဇော်ဝင်းရှိန်ဖြစ်နိုင်". Myanmar Now (in Burmese). 2022-10-23.
  23. ^ "လက်နက်ပွဲစားလို့ နာမည်ထွက်နေသူ ဂျော်နသန် ကျော်သောင်းက အော်ရီဒူး ပိုင်ရှင်ဖြစ်လာ". YouTube. DVB TV News. 2025-09-12. Retrieved 2025-11-19.
  24. ^ "လက်ထဲက ဖုန်းဆင်းကဒ်တွေ စိုးရိမ်စရာဖြစ်လာနေပြီလား (ရုပ်/သံ)". YouTube. The Irrawaddy. 2025-09-23. Retrieved 2025-11-19.
  25. ^ "Military to Profit on Lucrative Land Deal". Justice For Myanmar. Retrieved 2020-06-06.
  26. ^ "Japan-backed luxury hotel and office complex will enrich military, says rights group". Myanmar NOW. Retrieved 2020-05-23.