4 ▁steel ▁plants , ▁a ▁bank , ▁a ▁c ement ▁plant ▁and ▁an ▁ins urance ▁mon opol y . ▁Its ▁headquarters ▁are ▁located ▁on ▁A hl on ▁Road ▁in ▁Yang on ' s ▁A hl on ▁Township . ▁M EC ▁has ▁remained ▁on ▁the ▁United ▁States ' ▁list ▁of ▁san ction ed ▁companies ▁due ▁to ▁its ▁affili ation ▁to ▁the ▁Bur m ese ▁military . ▁M EC ▁also ▁oper ates ▁Inn wa ▁Bank , ▁one ▁of ▁Bur ma ' s ▁few ▁bank ing ▁ch ains . ▁ ▁M EC ▁is ▁operated ▁under ▁the ▁Ministry ▁of ▁Def ence ' s ▁Director ate ▁of ▁Def ence ▁Pro c ure ment ▁( DP P ), ▁with ▁its ▁private ▁shares ▁exclus ively ▁owned ▁by ▁active - d ut y ▁military ▁personnel . ▁The ▁corpor ation ' s ▁capital ▁was ▁established ▁through ▁reven ues ▁generated ▁from ▁the ▁public ▁au ction ing ▁of ▁state - owned ▁enter pr ises ▁throughout ▁the ▁ 1 9 9 0 s . ▁Through ▁joint ▁vent ures ▁with ▁foreign ▁companies ▁and ▁mer gers ▁with ▁smaller ▁companies , ▁M EC ▁has ▁position ed ▁itself ▁as ▁one ▁of ▁Bur ma ' s ▁largest ▁corpor ations . ▁In ▁ 2 0 0 0 , ▁M EC ▁launched ▁Cy ber m ec ▁Information ▁Technology ▁Center , ▁an ▁IT ▁vent ure . ▁ ▁Al ong ▁with ▁Union ▁of ▁My an mar ▁Econom ic ▁Hold ings ▁( U ME HL ), ▁M EC ▁is ▁widely ▁observed ▁to ▁generate ▁most ▁of ▁the ▁Bur m ese ▁military ' s ▁operating ▁re venue