Singapore magnate to axe army-linked Myanmar tobacco investment


FILE PHOTO: People hold placards depicting elected leader Aung San Suu Kyi during a rally to demand her release and protest against the military coup, in Yangon, Myanmar, February 8,2021. REUTERS/Stringer/File Photo

SINGAPORE: A prominent Singapore businessman has said he will exit his investment in a tobacco firm linked to the Myanmar military, after the army deposed the country's democratically elected government in a coup last week.

Lim Kaling, co-founder and director of Hong Kong-listed gaming group Razer, said in a statement on Tuesday he was a minority shareholder in Virginia Tobacco Company through RMH Singapore Pte Ltd, which owns 49% of the Myanmar firm.

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