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Japan's Kirin to terminate Myanmar beer alliance after military coup 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
TOKYO (Reuters) - Japanese drinks giant Kirin Holdings said on Friday it was scrapping its beer alliance with a top Myanmar conglomerate whose owners have been identified by the United Nations as members of the military, which overthrew the elected government this week. 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. The Myanmar military on
Monday overthrew the elected government of leader Aung San Suu Kyi, handing power to its top general and declaring a oneyear state of emergency, sparking widespread international condemnation. The military had earlier been accused of genocide and other war crimes against the Rohingya minority after hundreds of thousands fled an offensive in 2017. Myanmar denies genocide. "Given the current circumstances, we have no option but to terminate our current joint-venture partnership with Myanmar Economic Holdings Public Company Limited, which provides the service of welfare fund management for the military," Kirin said in a statement on Friday...Read More