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Food & Beverage

Japan's Kirin declines to take dividend from Myanmar breweries

Move comes after Amnesty's allegations its local partner funds the military

Kirin holds a 51% stake in Myanmar Brewery and Mandalay Brewery each, while its partner Myanma Economic Holdings controls the rest.

TOKYO -- Japanese beverage group Kirin Holdings on Wednesday announced it would not take any dividend from its two joint venture companies in Myanmar, after a human rights group alleged that its local partner funds the country's military.

Kirin acquired stakes in local brewers Myanmar Brewery and Mandalay Brewery in 2015 and 2017, respectively. Kirin now has a 51% stake in each of the two companies, with the remaining held by its partner Myanma Economic Holdings. Myanmar is a key market for Kirin.

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