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

Industry watchers say LTA’s proposed change to the COE system would solve the current issue of certain premium cars being treated as mainstream ones.

Mooted COE changes will solve category issues, but higher premiums likely: observers 

From shy teenager to outspoken philanthropist, Chloe Tong has come a long way.

Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose

Malaysian Chinese bag-maker Liew Bin now sees value in protectionist measures as low-cost competition from China threatens Malaysian small and medium-sized enterprises.

Once staunchly pro-China, Malaysian Chinese businesses are now distancing themselves from Beijing

Singaporean architect Cliff Tan has turned his accessible approach to home design into an international consultancy.

Cliff Tan has 7 million followers and a 4-month waitlist. Why won’t he expand his business?

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