Japanese conglomerate Kirin Holdings cuts ties with Myanmar Star Online Report Star Online Report
Japanese conglomerate Kirin Holdings Company Limited has terminated its ties with Myanmar s military-linked company Myanmar Economic Holdings Public Company Limited a decision being seen as a strong message to the Myanmar military.
The announcement comes days after Myanmar military took control of the country through a coup and detained the country s elected leader Aung San Suu Kyi and other political leaders of the National League of Democracy that saw a landslide victor in the November elections.
In a statement Friday, Kirin Holdings Company Limited said it is deeply concerned by the recent actions of the military in Myanmar, which are against the standards and human rights policy that Kirin maintains.
Read more about Japan s Kirin to terminate Myanmar beer alliance after military coup on Business Standard. Kirin has been under pressure to reassess the tie-up with Myanmar Economic Holdings Public Company (MEHL) due to the local partner s military connections