SABMiller JV to bid for Shaoguan Huoli Beer

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SABMiller-China Resources Enterprise JV, China Resources Snow Breweries (CR Snow), has plans to bid for Shaoguan Huoli Beer Co, a Guangdong-based brewery, in the process of its expansion in the southern province. (more…)

Yanjing Brewery to Buy Hebei’s Tianniu Beer

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Beijing Yanjing Brewery Co. Ltd. (000729.SZ), one of China’s largest brewers, is to acquire a 100% stake in Xingtai Tianniu Beer Co. Ltd. for RMB 107.72 million in a bid to build growth in the country’s emerging beer markets. (more…)

China. Tsingtao Brewery Fails To Acquire Xihu Beer

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Tsingtao Brewery (600600, 0168.HK) failed in its bid to take over Hangzhou Xihu Beer Asahi, as China Resources Breweries yesterday completed the acquisition of the Hangzhou-based brewer, paying 270 million yuan to acquire the remaining 55 percent stake it does not own, reports China Business News. (more…)

Carlsberg says to own 30 pct of new China venture

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* Danish brewer forms joint venture to expand China business
* It will own 30 pct of new J/V with Chinese partners
* New company will operate 12 breweries in China (Adds details, quote, share price) (more…)

China Resources to buy domestic retailer for $573 mln

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China Resources Enterprise Ltd , the country’s biggest supermarket operator and top beer maker, said on Friday it plans to buy domestic retailer Jiangxi Hongkelong Department Store for 3.69 billion yuan ($573 million). (more…)