Tsingyuan Holding Inc. formally known as Sabre Industrial Inc., a Shandong-based leading manufacturer and distributor of brewer’s malt and beer in China, on Monday announced its 2010 financial results and provided a business update. (more…)
The board of directors of Kingway Brewery Holdings Limited said it has been informed by GDH Limited (GDH), the controlling shareholder of the company, that GDH has decided to exercise the pre-emption right in respect of the whole of the relevant shares on the same or equivalent terms as those Heineken-APB China (HAPBC) (more…)
The National Development and Reform Commission (NDRC), China’s top economic planner, has hauled in representatives from China’s four largest beer makers for talks over their price hikes, as it looks to tackle public concerns over soaring inflation. (more…)
Chongqing Brewery on Friday announced yesterday that its net profit increased by 99.42% in 2010 compared to previous year to RMB 360 million. (more…)
SABMiller JV sees beer sales rise by 14% to HK21.5bn (US$2.7bn)
Group net sales up by 35%
Net profits up by 25%
Eyes more acquisitions (more…)
By putting its Kingway Brewery stake on the block, Heineken is not just streamlining its own strategy but raising the prospect of a scramble for an asset that could accelerate consolidation in the $13bn China market. (more…)
Belgium-based global brewing giant Anheuser-Busch InBev (A-B InBev) has entered into an agreement for the acquisition of China-based Weixue Beer Group. (more…)
Kingway Brewery Holdings Ltd (0124.HK) said shareholder Heineken-APB (China) Pte Ltd had agreed to sell its entire stake in the Chinese brewer at a price representing a 62.8 percent premium to its last close. (more…)
Anheuser-Busch InBev, the world’s largest brewer, has acquired China’s Weixue Beer Co, the second largest brewery in Henan Province, a move analysts said shows AB InBev’s clear-cut strategy for expanding its presence in the world’s largest beer market. (more…)
Tsingtao Brewery, China’s largest beer brewer, said on Thursday it is planning to build more factories overseas. (more…)
