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China Resources Beer Holdings Co Ltd (0291.HK)

0291.HK on Hong Kong Stock

15.02HKD
29 Jul 2016
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Wed, Jul 6 2016

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China Resources Beer plans $1.2 billion rights issue to buy SABMiller's JV stake

HONG KONG China Resources Beer (Holdings) Co Ltd said it seeks to raise HK$9.51 billion ($1.2 billion) via a deeply discounted rights offer to part-fund the purchase of SABMiller PLC's stake in their joint venture.

China Resources Beer expects Chinese approval for SAB deal: CFO

HONG KONG China Resources Beer (Holdings) Co Ltd expects approval from China's anti-monopoly authority for its SABMiller PLC's deal, the company's chief financial officer said.

China Resources Beer expects Chinese approval for SAB deal - CFO

HONG KONG, July 6 China Resources Beer (Holdings) Co Ltd expects approval from China's anti-monopoly authority for its SABMiller PLC's deal, the company's chief financial officer said.

UPDATE 1-China Resources Beer plans $1.2 bln rights issue to buy SABMiller's JV stake

* Says open to investment, acquisition opportunities (Adds executive comment, details and context)

China Resources Beer plans $1.2 bln rights issue to fund stake purchase

HONG KONG, July 6 China Resources Beer (Holdings) Co Ltd said on Wednesday it plans to raise HK$9.51 billion ($1.2 billion) via a rights issue to fund the purchase of SABMiller's stake in their joint venture as well as expansion plans.

BRIEF-China Resources Beer says no plan to sell Snow Beer stake for now

* Says expects low single digit growth in beer sales volume for this year

China Resources Beer full-year loss widens

HONG KONG, March 18 China Resources Beer (Holdings) Co Ltd posted a much bigger loss in 2015 than a year earlier as profits in its beer business was more than offset by losses in other businesses, which it sold to its parent in September.

China Resources to buy SABMiller's Snow stake, easing AB InBev deal

HONG KONG/LONDON China Resources Beer has agreed to buy SABMiller's stake in their CR Snow venture for a less-than-expected $1.6 billion, removing another regulatory obstacle to the London-based brewer's takeover by Anheuser-Busch InBev .

UPDATE 2-China Resources to buy SABMiller's Snow stake, easing AB InBev deal

* AB InBev, SABMiller shares little changed (Releads, adds analyst comments, share activity)

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