Kirin Holdings has announced a share buyback with their joint ventures, Myanmar Brewery and the smaller Mandalay Brewery, which will see the company exit Myanmar and place their business partner, Myanma Economic Holdings Limited (MEHL), in control.

Justice For Myanmar welcomes Kirin Holdings’ announcement to withdraw from their business with the Myanmar military conglomerate, Myanma Economic Holdings Limited (MEHL).

Kirin’s 1Q 2021 financial results show a 46% decline in Myanmar Brewery year on year sales volume, providing new evidence of the impact of the popular boycott against Myanmar Beer following the illegal and brutal Feb. 1 attempted coup by the Myanmar military.

Justice For Myanmar congratulates Kirin’s decision to cut ties with military-owned conglomerate Myanma Economic Holdings Limited. Kirin has been a major financial supporter of the Myanmar military and has made the right decision by ending that relationship today, following the military’s illegitimate Feb 1 coup.

Kirin has today announced the conclusion of Deloitte’s assessment into the destination of profits from their joint venture with military conglomerate Myanma Economic Holdings Limited (MEHL).

Justice For Myanmar welcomes Kirin Holdings’ suspension of dividends from their Myanmar military joint ventures. Calls for return of profits and assets to the people.

Myanmar Brewery remains a lucrative source of revenue for the Myanmar military, feeding their secret Myanma Economic Holdings Limited (MEHL) slush fund. Through MEHL, Kirin is knowingly financially supporting the military’s crimes of genocide, war crimes and crimes against humanity.

Kirin operates Myanmar Brewery with Myanmar military conglomerate Myanma Economic HoldingsLimited (MEHL). According to Kirin, Myanmar Brewery’s sales volume is up 12.6% (YoY). This “surge” coincides with a spike in war crimes and crimes against humanity in Rakhine and Chin States, with scores of civilians killed, disappearances, torture and mass forced displacement committed by the Myanmar military.