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Japanese beverage giant Kirin says it has decided to withdraw from its joint venture in Myanmar. The company said Monday that it made the decision to “urgently terminate" the partnership
BANGKOK--Japanese beverage giant Kirin Holdings said Monday it has decided to withdraw from its joint venture in Myanmar.
Japanese beverage giant Kirin Holdings said Monday it has decided to withdraw from its joint venture in Myanmar.
Japanese beverage giant Kirin Holdings Co said yesterday that it has decided to withdraw from its joint venture in Myanmar. Kirin, owner of the San Miguel, Fat Tire and Lion brands, said that its board made the decision to “urgently terminate” the partnership with Myanma Economic Holdings Ltd (MEHL), a military-affiliated company, after finding that it would be difficult to quickly end the venture in the way Kirin wanted to. The company said more than a year ago that it was unhappy with a military takeover on Feb. 1 last year, which violated its corporate standards and human rights policy...
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