Shwe Taung Company #47720

Shwe Taung Company

Shwe Taung Group of Companies (Burmese: ရွှေတောင်ကုမ္ပဏီအုပ်စု; Shwe Taung Group) is a Myanmar conglomerate. It has a large construction and engineering arm and is the parent company of a cement business in Myanmar. It also own Octagon International Service Trading which is the importer of machinery and construction vehicles. Shwe Taung Group was formerly known as Olympic Construction Company, and was renamed Shwe Taung Group in 2004 after the banking scandal, money laundering accusation and drug links against the affiliated Asia Wealth Bank by the US department of Treasury and the bank's subsequent sanction in 2003 by the US Government and closure by the Government of Myanmar.