It formed a joint venture company with Than Lwin Aye Yar Industrial Production & Construction Co., Ltd.
Fraser & Neave Limited (F&N), through subsidiary F&N Investments Pte Ltd (F&NI), incorporated a joint venture (JV) company in Myanmar.
According to an announcement, the JV company, Emerald Brewery Myanmar Ltd (EBML), was formed with Than Lwin Aye Yar Industrial Production & Construction Co., Ltd. (TLAY).
F&NI will hold 49% of the company, whilst TLAY will hold 51%.
"It is intended for EBML to explore beer production in Myanmar," F&N said.
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