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Thein Tun (Burmese: သိန်းထွန်း; 26 March 1937 – 18 April 2022) was a Burmese businessman and founder of Myanmar Golden Star. He was best known for introducing Pepsi into the Burmese market through Myanmar Golden Star in 1991. He benefited from close connections with Tun Kyi, a former Burmese general.

Early life

Thein Tun was born in Wakema Township, Irrawaddy Division (now Ayeyarwady Region).

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). In 1997, amid new US sanctions on the Burmese military junta, PepsiCo exited the Burmese market. In 2014, he sold 70% of MGS' shares to Korean-owned Lotte Chilsung.

Thein Tun also founded Tun Foundation Bank. In 2014, he acquired majority stake in Myanmar Consolidated Media, which owns Myanmar Times. The newspaper suspended operations in February 2021, following the 2021 Myanmar coup d'état, after employees resigned en masse.

Death

He died in Bangkok, Thailand on 18 April 2022.

Personal life

Thein Tun was married to Nelly Than. 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. His only daughter, Mi Mi Tun, is an executive director at MGS Beverages. Thein Tun's son-in-law, Aung Moe Kyaw, owns International Beverages Trading.

References

1. ^ "မြန်မာနိုင်ငံစီးပွားရေးကဏ္ဍ ဖွံ့ဖြိုးရေးနှင့် လူမှုအကျိုးဆောင်ပုဂ္ဂိုလ်ကြီး ဦးသိန်းထွန်း | Ministry Of Information". www.moi.gov.mm. Retrieved 22 April 2022.
2. ^ "Burmese Tycoons Part II". The Irrawaddy. July 2000. Retrieved 11 July 2015.
3. ^ Oo, Dominic (2022-05-18). "'Godfather' of Myanmar's crony capitalists dies". Asia Times. Retrieved 2023-09-26.
4. "Tycoon U Thein Tun buys majority share The Myanmar Times". Mizzima. 3 March 2014. Retrieved 11 July 2015.
5. 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.

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• 1937 births
• 2022 deaths
• 20th-century Burmese businesspeople
• People from Ayeyarwady Region
• Burmese people stubs
• Asian business biography stubs