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Showing posts with label Kirin. Show all posts
Showing posts with label Kirin. Show all posts

Saturday, November 14, 2020

Japan’s Kirin Suspends Payments to Myanmar Military Firm

THE I DIPLOMAT
November 12, 2020

The Japanese beverages firm Kirin has suspended dividend payments to a tentacular Myanmar business conglomerate linked to the country’s military, the company announced this week. In a statement on November 11, Kirin Holdings Company, announced that it had suspended all dividend payments from two Myanmar beer ventures to Kirin and the Myanmar Economic Holdings Ltd (MEHL).

Myanmar: Kirin suspends payments to military company

Amnesty International 

 11 November 2020
Myanmar
Business and Human Rights

© AFP/Getty Images
 


The Japanese brewing company Kirin today announced that it has suspended all dividend payments to Myanmar Economic Holdings Limited (MEHL), Kirin’s business partner in two joint ventures in Myanmar. It follows research by Amnesty International which exposed how profits from Myanmar Brewery Limited and Mandalay Brewery Limited, jointly owned by Kirin and MEHL, were provided to MEHL, whose shareholders include military units responsible for crimes under international law.

Montse Ferrer, Researcher on Business and Human Rights at Amnesty International, said:
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