Key Developments: China Resources Enterprise Ltd (0291.HK)
24.40HKD
3:58am EDT
HK$-0.10 (-0.41%)
HK$24.50
HK$24.50
HK$24.55
HK$24.30
3,009,294
4,858,469
HK$29.15
HK$18.88
Latest Key Developments (Source: Significant Developments)
China Resources Enterprise Ltd Recommends Final Dividend
China Resources Enterprise Ltd announced that the Board recommends a final dividend of HKD0.15 per share for 2012 (2011: HKD0.32 per share) payable on or around June 14, 2013 to shareholders whose names appear on the Register of Members of the Company on May 30, 2013. Together with the interim dividend of HKD0.15 per share, the total dividend for 2012 will amount to HKD0.30 per share (2011: HKD0.47 per share). Full Article
SABMiller PLC's Joint Venture with China Resources Enterprise Ltd to Acquire for CNY 5.38 Billion Brewery Business from Kingway Brewery Holdings Ltd
SABMiller PLC announced that China Resources Snow Breweries Limited (Snow), SABMiller PLC's joint venture with China Resources Enterprise Ltd (CRE), has entered into an agreement with Kingway Brewery Holdings Ltd (Kingway) to acquire Kingway's brewery business (Brewery Business), for a total cash consideration of CNY 5.38 billion (USD 864.00 million). The Brewery Business comprises seven breweries in China and has total annual production capacity of 14.5 million hectoliters. Full Article
China Resources Enterprise Ltd Declares Interim Dividend
China Resources Enterprise Ltd announced that the Board has resolved to declare an interim dividend of HKD0.15 per share for the six months ended June 30, 2012 (2011: HKD0.15 per share), payable on or around October 15, 2012, to shareholders whose names appear on the Register of Members of the Company on October 3, 2012. Full Article
China Resources Enterprise Ltd Announces Resignation Of Chairman
China Resources Enterprise Ltd announced that Mr. Qiao Shibo resigned as Chairman of the Board, Executive Director and Members of the Executive Committee and Finance Committee of the Company with effect from August 17, 2012, due to other work allocation by China Resources Group. Mr. Qiao Shibo has confirmed that he has no disagreement with the Board and that there are no matters relating to his resignation that need to be brought to the attention of the shareholders of the Company. The Board further announced that Mr. Chen Lang was appointed as Chairman of the Board and resigned as Chief Executive Officer of the Company; Mr. Hong Jie was appointed as Chief Executive Officer, Executive Director and Member of the Finance Committee of the Company. Full Article
China Resources Enterprise, Limited Recommends Final Dividend
China Resources Enterprise, Limited announced that the Board recommends a final dividend of HKD0.32 per share for 2011 (2010: HKD0.38 per share) payable on or around June 15, 2012, to shareholders whose names appear on the Register of Members of the Company on May 31, 2012. Together with the interim dividend of HKD0.15 per share, the total dividend for 2011 will amount to HKD0.47 per share (2010: HKD0.52 per share). Subject to the approval of shareholders at the meeting, the proposed final dividend will be payable to shareholders whose names appear on the register of members of the Company after the close of business at 4:30 p.m. on May 31, 2012, and the register of members of the Company will be closed on May 31, 2012, during which no transfer of shares of the Company will be registered. In order to qualify for the proposed final dividend, all share transfer documents, accompanied by the relevant share certificates lodged with the Company’s Share Registrar, Tricor Standard Limited at 26/F, Tesbury Centre, 28 Queen’s Road East, Wanchai, Hong Kong not later than 4:30 p.m. on May 30, 2012, for registration. Full Article
China Resources Enterprise, Limited Declares Interim Dividend
China Resources Enterprise, Limited announced that the Board has resolved to declare an interim dividend of HKD0.15 per share for the six months ended June 30, 2011 (2010: HKD0.14 per share) payable on or around October 17, 2011, to shareholders whose names appear on the Register of Members of the Company on October 3, 2011. Full Article
SABMiller plc And China Resources Enterprise, Limited's Joint Venture China Resources Enterprise, Limited Announces Acquisition
SABMiller plc announced that China Resources Snow Breweries Limited (CR Snow), its joint venture with China Resources Enterprise, Limited ("CRE"), has entered into an agreement with Asahi Breweries Itochu (Group) Ltd ("Asahi") to acquire from Asahi the remaining 55% equity interest in Hangzhou Xihu Breweries Asahi (Stock) Co Ltd ("Hangzhou Xihu Beer") and the remaining 25% equity interest in Xihu Breweries Asahi (Stock) Co Ltd (Huzhou Brewery), for a total cash consideration of approximately US$47m. Following completion of the transaction, both companies will become wholly-owned subsidiaries of CR Snow. CR Snow acquired its existing 45% equity interest in Hangzhou Xihu Beer on 29 November 2010, and Hangzhou Xihu Beer currently owns a 75% interest in Huzhou Brewery. Full Article
China Resources Enterprise, Limited To Buy Chinese Department Store Chain For CNY3.69 Billion-DJ
Dow Jones reported that China Resources Enterprise, Limited has agreed to buy a department store and supermarket chain for CNY3.69 billion (USD573 million), as part of efforts to further expand its retail division. The Company will buy Jiangxi Hongkelong Department Store Investment Co., which operates department stores and supermarkets under the brand 'Hongkelong' in China's Jiangxi province, from Hongkelong Investment Group and two other independent parties. Full Article
China Resources says 2012 net profit up 31 pct at HK$3.9 bln
March 21 - For a full statement on the results of China Resources Enterprise Ltd, which is involved in the distribution, logistics, and import and export businesses, please click on: http://www.hkexnews.hk/listedco/listconews/sehk/2013/0321/LTN20130321156.pdf (Reporting by Raymond Leung in HONG KONG; Editing by Anne Marie Roantree)
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