Kirin may ask Japanese government for help to resolve beer dispute

Kirin may ask Japanese government for help to resolve beer dispute

The top executive of Kirin Holdings Co. said Tuesday the company may ask the Japanese government for help to resolve a dispute over ending its beer business partnership with a Myanmar military-linked entity, Kyodo reported.

Kirin Holdings President and CEO Yoshinori Isozaki said in an interview with Kyodo News that his company may need such support, depending on the ruling by a Yangon district court after its partner Myanma Economic Holdings Public Co. unilaterally filed a petition last month to liquidate a joint venture called Myanmar Brewery Ltd.

Isozaki said he hopes the dispute on the venture, the biggest beer company in Myanmar owned 51 percent by Kirin and 49 percent by the Myanmar entity, can be resolved by the end of June.

Caption; Pedestrians walk on a street in the Shinjuku area of Tokyo on Tuesday. | AFP-JIJI

More news from Mizzima
May 9, 2024
The Human Rights Foundation of Monland (HURFOM) has released a report detailing how the junta’s...
March 6, 2024
The Karenni State Interim Executive Council (IEC) has handed down prison sentences and fines to...
March 4, 2024
Dr. Nyo Twan Aung, deputy commander-in-chief of the Arakan Army (AA), stated in a press...
February 29, 2024
On February 28th, Myawaddy TV, a channel controlled by the Military Council, declared martial...