Key Developments: Kirin Holdings Co Ltd (2503.T)
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Latest Key Developments (Source: Significant Developments)
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
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
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
Kirin Holdings Co Ltd To Buy Out Little World Beverages Ltd For $257 Million-Reuters
Reuters Reported that Kirin Holdings Co Ltd has agreed to buy out Australian boutique brewer Little World Beverages for AUD256 million ($257 million), offering a hefty 40% premium. The deal will be done by Kirin's Australian arm Lion, which already owned 36.3% of Little World Beverages. It will pay AUD5.30 a share, which the target's board has endorsed. Little World Beverages, which makes Little Creatures beers and Pipsqueak cider. Full Article
Interfood Shareholding Company Announces Investment by Kirin Holdings Company, Ltd.
Interfood Shareholding Company announced that Kirin Holdings Company, Ltd. has increased its stake in the Company from 57.25% to 80.37% through its acquisition of all outstanding shares in British Virgin Islands-based Indochina Beverage Holdings which held 23.12% stake in the Company. Full Article
Kirin Holdings Company, Ltd. Lowers FY 2011 Outlook
Kirin Holdings Company, Ltd. announced that it has lowered its consolidated full-year outlook for revenue from JPY 2,110,000 million to JPY 2,072,000 million, operating profit from JPY 144,000 million to JPY 143,000 million, ordinary profit from JPY 138,000 million to JPY 137,000 million, net profit from JPY 27,000 million to JPY 7,000 million and earning per share from JPY 28.07 to JPY 7.28 for the fiscal year ended December 31, 2011. This is due to the recording of JPY 10 billion impairment loss on fixed assets and JPY 1.8 billion loss on valuation of investment securities as extraordinary losses. According to I/B/E/S Estimates, analysts on average are expecting the Company to report full-year revenue of JPY 2,092.70 billion and net profit of JPY 33.16 billion. Full Article
Kirin Holdings Company, Ltd. Lowers Consolidated Full-year Forecast for Net Profit for FY 2011
Kirin Holdings Company, Ltd. announced that it has reaffirmed the consolidated full-year forecast for revenue of JPY 2,110,000 million, operating profit of JPY 144,000 million, ordinary profit of JPY 138,000 million and lowered the forecast for net profit from JPY 52,000 million to JPY 27,000 million and earning per share from JPY 54.06 to JPY 28.07 for the fiscal year ending December 31, 2011. The Company lowered the consolidated full-year outlook for net profit due to expectation of JPY 18.7 billion extraordinary loss on revaluation of investment in securities, as well as JPY 5.1 billion extraordinary loss on impairment of fixed asset for the third quarter of the fiscal year ending December 31, 2011. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of JPY 2,102.40 billion and net profit of JPY 51.15 billion for the fiscal year ending December 31, 2011. Full Article
Kirin Holdings Company, Ltd. Fully Acquires Jadangil Participacoes e Representacoes Ltda.
Kirin Holdings Company, Ltd. announced that it has purchased 857,576,190 shares (100% stake) of Jadangil Participacoes e Representacoes Ltda., which holds a 49.54% stake in Schincariol Participacoes e Representacoes S.A., for approximately BRL 2.35 billion in total, on November 4, 2011. Full Article
Kirin Holdings Company, Ltd. Announces Changes and Additional Information of Acquisition Plan
Kirin Holdings Company, Ltd. announced that there were some changes and additional information in the acquisition plan, which was announced on August 2, 2011. The Company completed the acquisition on October 11, 2011, and acquired Primo Schincariol Industria de Cervejas e Refrigerantes S.A. and Companhia de Bebidas Primo Schincariol, on October 11, 2011. Full Article
Kirin Holdings Company, Ltd. Updates On Buyout Of Brazil's Schincariol-Reuters
Reuters reported that Kirin Holdings Company, Ltd.'s way had been cleared for its $2.6 billion purchase of 50.45% of Brazililan beer and soft drinks maker Schincariol, after a Sao Paulo court threw out a temporary injunction halting the deal. Kirin declined to comment on media reports that it may buy the remaining stake in Schincariol to silence minority shareholders, who have taken Kirin to court over the deal, claiming the sale violated their right of first refusal for the shares. That case is still ongoing. Full Article
Kirin Holdings Company, Ltd. Announces Extraordinary Loss for Q3 of FY 2011
Kirin Holdings Company, Ltd. announced that it expects to record a JPY 18,807 million extraordinary loss on the revaluation of investment securities, for the third quarter of the fiscal year ending December 2011. Full Article
San Miguel Brewery to buy back shares, delist from Philippine bourse
MANILA, Feb 18 - San Miguel Corp's (SMC) flagship beer-making unit said it will launch an offer on March 4 to buy back shares held by minority stockholders at a steep discount to their last traded price before it delists from the Philippine Stock Exchange.
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