Japan's leading beer company Asahi announced that the company plans to sell its entire 19.99% stake in the Chinese beer maker Tsingtao.
Chinese brewery Yanjing Beer has published its annual results for 2011, stating that its net profit increased by 6.15% during the reporting period.
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…