China Resources Beer Holdings Co Ltd (0291.HK)
Latest Key Developments (Source: Significant Developments)
Aug 3 (Reuters) - China Resources Beer Holdings Co Ltd <0291.HK>::China Resources Beer CEO says hopes firm can take a leading position in China's premium market in 5-10 years through Heineken deal.China Resources Beer CEO says other Heineken-owned brands may be brought into China after deal, still under discussion.China Resources Beer CEO says no talks currently going on about future possibility of raising Heineken stake.China Resources Beer CEO says will consider promoting other Chinese brands abroad via Heineken deal in future.China Resources Beer CEO says deal does not prevent it from developing other non-lager beverages, will explore other possibilities like craft beer.China Resources Beer CEO says Snow beer currently has no advantages abroad, would ideally like to expand in South East Asia, Europe, U.S., Australia. Full Article
Aug 3 (Reuters) - China Resources Beer Holdings Co Ltd <0291.HK>::CHINA RESOURCES ENTERPRISE AND HEINEKEN GROUP HAVE AGREED ON FORMATION OF A LONG TERM STRATEGIC PARTNERSHIP. Full Article
Aug 2 (Reuters) - Heineken Nv
Jan 8 (Reuters) - China Resources Beer Holdings Co Ltd <0291.HK>::DUE TO AN INCREASE IN COSTS OF RAW MATERIALS, CO HAS ADOPTED DIFFERENT MEASURES TO ABSORB COST PRESSURE.CO IS MODERATELY ADJUSTING PRICES OF SOME OF ITS PRODUCTS IN CERTAIN REGIONS TO MITIGATE HEIGHTENED COSTS PRESSURE.DIFFERENT MEASURES INCLUDE LEAN MARKETING, LEAN PRODUCTION, PRODUCT REFINEMENT AND PREMIUMIZATION.NOTES PRESS REPORTS STATING MANY BREWERY ENTERPRISES WILL INCREASE PRICES SUBSTANTIALLY FOR PRODUCTS FROM JAN 1, 2018 ONWARDS. Full Article
China Resources Beer Holdings Co Ltd <0291.HK>: announces completion of acquisition of 49% of total issued share capital of china resources snow breweries ."immediately after completion, china resources snow breweries became a wholly-owned subsidiary of company". Full Article
HONG KONG, Aug 28 China's second largest beer maker Tsingtao Brewery Co Ltd said on Tuesday first-half profit rose 13.4 percent helped by its efforts to control costs, prevent excess production and boost efficiency.