News18» News»Business»Kirin Says Undecided On Myanmar Business After Inconclusive Third-party Probe
1-MIN READ

Kirin Says Undecided On Myanmar Business After Inconclusive Third-party Probe

Kirin Says Undecided On Myanmar Business After Inconclusive Third-party Probe

Japan's Kirin Holdings said on Thursday it was undecided on the future of its Myanmar beer business after a thirdparty probe into its local partner's military connections ended with inconclusive results.

TOKYO: Japan’s Kirin Holdings said on Thursday it was undecided on the future of its Myanmar beer business after a third-party probe into its local partner’s military connections ended with inconclusive results.

“Unfortunately, the assessment was inconclusive as a result of Deloitte being unable to access sufficient information required to make a definitive determination,” it said in a statement. Kirin had hired Deloitte Tohmatsu Financial Advisory to investigate its Myanmar operations.

Kirin said it would continue to halt payments to its local partner.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor


Next Story
Loading...