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At Close: Jun 03, 2026
Japan''s Kirin to withdraw from its Myanmar brewery venture
06:48am, Monday, 14'th Feb 2022 Midland Daily News
BANGKOK (AP) Japanese beverage giant Kirin Holdings said Monday it has decided to withdraw from its joint venture in Myanmar. The company said its board made the decision to urgently terminate the partnership with Myanma Economic Holdings Plc after finding it would be difficult to quickly end the venture in the way Kirin wanted to. Kirin, owner of the San Miguel, Fat Tire and Lion brands, announced more than a year ago that it was unhappy with a Feb. 1, 2021, military takeover that violated its corporate standards and human rights policy. But the company had been trying to keep its beer business in the country. In a statement Monday, Kirin said it was discussing its withdrawal from the business with MEHL, which is a military-affiliated company. Earlier, the company sought commercial arbitration in a dispute with MEHL over its plan to unwind the joint venture. MEHL then petitioned for liquidation of the venture, which Kirin said violated the joint venture agreement and was an unjustified motion. Kirin said earlier negotiations with MEHL had been delayed by political instability, worsening safety concerns and the pandemic and there had been no meaningful progress in their negotiations.
Japans Kirin to withdraw from its Myanmar brewery venture
06:48am, Monday, 14'th Feb 2022 WTOP
BANGKOK (AP) Japanese beverage giant Kirin Holdings said Monday it has decided to withdraw from its joint venture in
Japan''s Kirin seeks arbitration to help end Myanmar venture
06:19am, Monday, 06'th Dec 2021 ABC News
Japanese beverage giant Kirin Holdings is seeking commercial arbitration in a dispute over unwinding its joint venture brewery in Myanmar
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World's biggest wealth fund puts Japan's Kirin Holdings on watch list over Myanmar link
04:57pm, Wednesday, 03'rd Mar 2021
The Norwegian central bank said on Wednesday it had put Japan's Kirin Holdings Ltd Co on a watch list for possible exclusion from its $1.3 trillion sovereign wealth fund over the firm's ties to a busi
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