It was old Myay-Ni-Gone Market demolished over 10 years ago to build better building before 1997 ASEAN economy crisis. Location is in U Wizara Road in front of Blazon shopping centre.
First Developer abandons the project long time ago and UMEHL took over the ownership but later handed over to USDA. Now it’s come to the end as Sr.Gen.Than Shwe order the ownership to transfer to his beloved U Tay Za and Htoo Trading Company. Reason is for his involvement in cyclone relief work.
U Tay Za immediately sell that to private investor for price of 4500 Million Kyats, which is equal to about 4 Million United State Dollar.
“What is U Tay Za really contributed in Nargis cyclone hit area?”
Reported by Thu Ye Kaung.