Key Developments: Kirin Holdings Co Ltd (2503.T)

2503.T on Tokyo Stock Exchange

1,457JPY
11 Jul 2014
Price Change (% chg)

¥-9 (-0.61%)
Prev Close
¥1,466
Open
¥1,451
Day's High
¥1,469
Day's Low
¥1,451
Volume
2,320,200
Avg. Vol
2,850,084
52-wk High
¥1,660
52-wk Low
¥1,290

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Latest Key Developments (Source: Significant Developments)

Kirin Holdings Co Ltd to Repurchase Shares
Monday, 18 Mar 2013 03:00am EDT 

Kirin Holdings Co Ltd announced that it has decided to repurchase up to 50,000,000 shares (5.20% stake) of its common stock for up to JPY 50,000 million in total, during the period from March 19, 2013 to December 30, 2013.  Full Article

Kirin Holdings Co Ltd to Issue Year-end Dividend for FY 2012
Thursday, 14 Feb 2013 01:30am EST 

Kirin Holdings Co Ltd announced that it has decided to issue a year-end dividend payment of JPY 15.50 per share (JPY 14,903 million in total), above its latest dividend forecast of JPY 13.50 per share announced on February 10, 2012, to all its shareholders as a record of December 31, 2012. The dividend will be paid on March 29, 2013.  Full Article

Kirin Holdings Co Ltd to Sell Shares in Fraser and Neave, Ltd and Expects Extraordinary Profit for FY 2013
Friday, 1 Feb 2013 01:30am EST 

Kirin Holdings Co Ltd announced that it has decided to sell 212,773,000 shares (a 14.76% stake) in Fraser and Neave, Ltd, for SGD 9.55 per share or approximately SGD 2,032 million in total, to TCC Assets Limited on February 14, 2013. As a result, the Company expects the extraordinary profit of approximately JPY 47 billion caused by sale of shares in Fraser and Neave, Ltd, for the fiscal year ending December 2013.  Full Article

Kirin Holdings Co Ltd Announces Overseas Union Enterprise Limited's Cash Offer for Fraser and Neave, Ltd
Thursday, 15 Nov 2012 06:00pm EST 

Kirin Holdings Co Ltd announced that a consortium led by Overseas Union Enterprise Limited (OUE) announced that it has made a voluntary conditional cash offer for all of the issued and paid-up ordinary shares of Fraser and Neave, Limited (F&N), of which Kirin Holdings Co Ltd. currently owns a minority stake. In its announcement, OUE disclosed that Kirin has agreed to acquire the food and beverage business of the F&N group (F&B Business), and OUE has agreed to vote all its shares in F&N in favor of Kirin's acquisition of the F&B Business.  Full Article

Overseas Union Enterprise Limited, Kirin Holdings Co Ltd In Talks On Counterbid Offer For Fraser and Neave, Ltd-Reuters
Friday, 19 Oct 2012 04:29am EDT 

Reuters reported that a Singapore hotel and property firm backed by Indonesia's Lippo Group may team up with Japan's Kirin Holdings Co Ltd to thwart a $7.2 billion takeover offer for Fraser and Neave, Ltd (F&N) from companies linked to Thailand's third-richest man. In an unexpected move, Overseas Union Enterprise Limited (OUE) said on Friday it is seeking partners in a potential takeover bid for F&N, without identifying the parties. Kirin Holdings Co is one of the companies involved in the preliminary discussions. Kirin Holdings, F&N's second-biggest shareholder, was considering all possible options for its stake in the Singapore beverage and property conglomerate. The Japanese brewer declined to comment on the OUE talks.  Full Article

Kirin Holdings Co Ltd to Transfer Shares of Subsidiaries to Newly Established Subsidiary
Monday, 15 Oct 2012 02:30am EDT 

Kirin Holdings Co Ltd announced that it has decided to transfer all shares of two wholly owned subsidiaries, Kirin Brewery Company, Limited and Kirin Beverage Company,Limited to a newly established subsidiary, effective January 1, 2012.  Full Article

Heineken NV Nears Fraser and Neave, Limited's Asia Pacific Breweries Ltd. Deal After Thai Beverage Public Company Limited Acceptance; Kirin Holdings Co Ltd To Wait For Stake Sale-Reuters
Tuesday, 18 Sep 2012 09:53pm EDT 

Reuters reported that Heineken NV took a major step towards winning control of the Tiger beer brand and an Asian brewing network after securing acceptance from a Thai billionaire who had been perceived for weeks as a spoiling rival. Charoen Sirivadhanabhakdi's Thai Beverage Public Company Limited and TCC Assets Ltd agreed to support the sale of Fraser and Neave, Limited's stake in Tiger beer maker Asia Pacific Breweries Ltd. to Heineken. In return, the brewer will not make a general offer for shares in F&N, according to a joint statement by the Thai companies and Heineken. After two months of competing offers for APB, the Thais and the Dutch brewer ended their stand-off. Heineken now appears on course to take full control of APB and protect its turf in Asia's fast-growing beer market. F&N's other shareholders such as Japan's Kirin Holdings Co Ltd will wait for the 'fairness opinion' of an independent financial adviser before they decide whether to sell their stakes to Charoen.  Full Article

Kirin Holdings Co Ltd to Establish New Subsidiary
Friday, 3 Aug 2012 02:30am EDT 

Kirin Holdings Co Ltd announced that it has decided to establish a Tokyo-based subsidiary, which will be engaged in the domestic drink business management as well as the provision for specialized service, in January 2013. The new subsidiary will be capitalized at JPY 500 million.  Full Article

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Unhappy hour for Kirin as its beer sales tumble in Japan

TOKYO - Kirin Holdings is falling behind in the Japanese beer market with no clear fix in sight as it extends a multi-year sales slide and gives up market share to rivals more in touch with changing consumer tastes.

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