Fire broke out at two garment factories owned by Chinese and Taiwanese investors Sunday afternoon in Hlaing Tharyar Industrial Zone in Yangon as the military regime’s security forces launched yet another deadly crackdown on anti-coup protesters in the area.
According to an industrial zone official, the two factories were Global Fashion, a garment factory backed by Chinese investors, and Tsang Yih, one of the largest foreign-owned shoe factories in Myanmar operated by Taiwanese investors.
Myanmar’s government investment agency, the Directorate of Investment and Company Administration (DICA)’s records reveal that Global Fashion is jointly owned by four Chinese investors and a Myanmar citizen. It was registered in 2018 in Myanmar.
Tsang Yih is also a foreign-owned company owned by two Taiwanese investors. The company registered in 2014 and employed more than 9,000 workers last year, according to a company report.
Original News >>> Irrawaddy News ( https://www.irrawaddy.com/news/burma/chinese-owned-factories-fire-myanmar-military-regimes-protest-crackdowns-escalate.html )