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United States

China Resources Beer Holdings Co Ltd (0291.HK)

0291.HK on Hong Kong Stock

19.68HKD
24 May 2017
Change (% chg)

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Fri, Apr 28 2017

UPDATE 1-China Resources Beer swings to profit in 2016, eyes acquisitions

* Aims to grow organically and through acquisitions (Add earnings details, company comments)

China Resources Beer swings to profit in 2016

HONG KONG, March 21 China Resources Beer (Holdings) Co Ltd reported its first annual profit in three years in 2016, as it focused on its flagship Snow brand and expanded sales in various Chinese cities, while optimising product mix.

BRIEF-China Resources Beer says FY profit after tax rose 6.8 pct

* consolidated profit attributable to company's shareholders in 2016 was rmb629 million

BRIEF-China Vanke says share transfer registration formalities for transfer of 1.69 bln A shares completed

* Share transfer registration formalities for transfer of 1.69 billion A shares in co was completed

BRIEF-China Resources to sell its China Vanke stake to Shenzhen Metro

* Says China Resources and unit will sell entire 1.69 billion A-shares in the company to Shenzhen Metro

BRIEF-China Resources considers major plan involving holdings in China Vanke

* Says shareholder China Resources is considering major plan involving its holdings in the company

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