Irrawaddy-Sept 1

Myanmar’s shadow civilian government has called out eight companies to abandon “illegal investments” of more than 3.1 billion dollars (5 trillion kyats) under the military regime. The companies named by the National Unity Government (NUG) are TTCL Power Myanmar Co. Ltd of Japan; Myanmar Heng Ya Investment Development Co Ltd of China, Myanmar-based N Motors Company Limited, Petro and Trans Co Ltd; S Gemological Institute Co Ltd, Singapore-based Clean Power Energy Co. Ltd; Myanmar Golden Eagle Co Ltd of Thailand and Mee Lin Gyaing Electric Power Co Ltd, which is registered in the British Virgin Islands. The NUG’s statement said it will not recognize any investment permits and endorsements made by the regime. It threatened the companies with prosecution if they fail to comply with its instructions.

Read more at: https://www.irrawaddy.com/news/burma/myanmars-shadow-govt-calls-on-firms-to-shun-junta.html