To enhance its competitiveness in Beijing, China's Tsingtao Beer will invest CNY600 million to build a new brewery project in Shijiazhuang, capital of Hebei province.

Anheuser-Busch InBev, Tsingtao Beer's second-largest single shareholder, has announced that it will sell 91,641,342 H shares in Tsingtao Beer for HKD19.83 per share to Chen Fashu, chairman of the Fujian-based New Huadu Industrial Group.

Following the Chinese Ministry of Commerce rejection of Coca-Cola's application to acquire China Huiyuan Juice Group, Drinks Americas Holdings Ltd., an owner, developer and marketer of global premium beverages, has announced plans to acquire Global Beverages Asia Ltd. Global Beverages Asia is the new name for the combination of Yarraman Winery and Asia Distribution Solutions, [...]