Japan's Kirin not planning to exit Myanmar despite military takeover, losses

Japan's Kirin not planning to exit Myanmar despite military takeover, losses
Published 12 August 2021
ANN

TOKYO, Aug 10 (Reuters) - Japanese drinks giant Kirin Holdings (2503.T) is not planning to exit Myanmar, despite being forced to scrap its beer partnership with a joint venture linked to Myanmar's military after a military takeover earlier this year, an executive said on Tuesday.

Senior executive officer Toru Yoshimura said discussions about the local business were still ongoing. The company earlier booked an impairment loss of 21.4 billion yen ($193.79 million)for its second quarter in connection with the Myanmar business.