The Business Times
business-time-50
Asean Business logo
SPONSORED BYUOB logo
ASEAN BUSINESS: MYANMAR COUP

Razer co-founder and director Lim Kaling exits Myanmar JV

Angela Tan

Angela Tan

Published Tue, Feb 9, 2021 · 09:50 PM

Singapore

RAZER Inc co-founder and director Lim Kaling is selling his entire one-third stake in a joint venture (JV) that owns RMH Singapore Pte Ltd, a Singapore-based tobacco company which owns 49 per cent of Virginia Tobacco Co Ltd (VTCL), the military-linked market leader in Myanmar's tobacco market.

In a statement released on Tuesday, Mr Lim said recent events there caused him "grave concern".

RazerMyanmar

TRENDING NOW

German Chancellor Friedrich Merz says Europe is facing “the most decisive moments... in defending the freedom and peace of (the) continent”.

If Europe goes to war, the fallout will be felt in East Asia

UOB will be the first to announce its third-quarter results on Nov 4, followed by DBS and OCBC on Nov 5 and 6, respectively.

Singapore banks’ wealth fees may ease in Q3 as AI lending, bond yields draw scrutiny

Wilmar is among the Singapore-registered companies that the National Environment Agency is seeking information from on potential links to the haze.

Wilmar sold goods to 6 firms issued notices under Singapore haze law; no operational relationship

Yen appreciation can accelerate the unwinding of leveraged positions, illustrating how currency and financial stability risks can interact.

Could Japan trigger the next global financial crisis?

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More