Campaign group Justice for Myanmar has criticised Kirin Holding's 'irresponsible' exit from the Myanmar market and the way it has given complete control of Myanmar Brewery to Myanma Economic Holdings Limited (MEHL).
Kirin said that a share buyback agreement worth about ¥22.4 billion ($164 billion) had been reached to transfer its 51% stake back into the subsidiary.
Japanese drinks giant Kirin said Thursday it has agreed to a buyout of its shares in a Myanmar joint venture with a junta-linked conglomerate, completing its exit from the market over the 2021 coup.
Japanese beverage giant Kirin said Thursday it has agreed to buy out its stake in a joint venture in Myanmar with a junta-linked conglomerate, completing its