World's biggest wealth fund puts Japan's Kirin on watch list over Myanmar ties

World's biggest wealth fund puts Japan's Kirin on watch list over Myanmar ties

Photo: Reuters

The Norwegian central bank said on Wednesday it had put Japan’s Kirin Holdings Ltd Co on a watch list for possible exclusion from its $1.3 trillion sovereign wealth fund over the beverage giant’s ties to a business owned by Myanmar‘s military.

Kirin has recently announced an intention to end this business cooperation, and the implementation of this will be followed up as a part of the observation,” the central bank said in a statement.

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