Singaporean real-estate developer reviewing Myanmar contracts

04 March 2021
Singaporean real-estate developer reviewing Myanmar contracts

Emerging Towns & Cities Singapore Ltd (ETC) has requested that trading in its shares be suspended and said it would conduct a review of its contracts with Myanmar government ministries and departments, Aljazeera reported.

ETC said on Tuesday it would review material contractual payments to the Myanmar government and fundraising proceeds from recent years.

The real-estate developer is among companies being called out by activists over ties to the Myanmar military.