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China Resources Beer Holdings Co Ltd (0291.HK)

0291.HK on Hong Kong Stock

28.10HKD
19 Dec 2018
Change (% chg)

HK$-0.05 (-0.18%)
Prev Close
HK$28.15
Open
HK$28.30
Day's High
HK$28.40
Day's Low
HK$27.80
Volume
2,590,610
Avg. Vol
7,925,474
52-wk High
HK$39.90
52-wk Low
HK$25.25

Latest Key Developments (Source: Significant Developments)

China Resources Beer Holdings Approved And Adopted A Dividend Policy On Nov 21
Wednesday, 21 Nov 2018 

Nov 21 (Reuters) - China Resources Beer Holdings Co Ltd <0291.HK>::BOARD HAS APPROVED AND ADOPTED A DIVIDEND POLICY ON NOV 21.ANNUAL DIVIDEND TO BE DISTRIBUTED TO SHAREHOLDERS SHALL BE NOT LESS THAN 20% OF GROUP'S PROFIT ATTRIBUTABLE IN ANY FY.  Full Article

China Resources Beer says aims to become premium market leader in 5-10 years with Heineken deal
Friday, 3 Aug 2018 

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

China Resources Beer Says China Resources Enterprise And Heineken Group Agree To Partnership
Friday, 3 Aug 2018 

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

Heineken And China Resources Sign Non-Binding Agreements To Join Forces In China
Friday, 3 Aug 2018 

Aug 2 (Reuters) - Heineken Nv ::HEINEKEN AND CHINA RESOURCES SIGN NON-BINDING AGREEMENTS TO JOIN FORCES IN CHINA.UNDER STRATEGIC PARTNERSHIP AGREEMENT, HEINEKEN WILL BE CRE'S EXCLUSIVE PARTNER FOR INTERNATIONAL PREMIUM LAGER BEERS IN CHINA.AS PART OF STRATEGIC PARTNERSHIP, HEINEKEN CHINA'S CURRENT OPERATIONS WILL BE COMBINED WITH CR BEER'S OPERATIONS.HEINEKEN WILL LICENSE HEINEKEN® BRAND IN CHINA TO CR BEER ON A LONG-TERM BASIS.IN CONTEXT OF THIS PARTNERSHIP, HEINEKEN WILL BECOME CRE'S 40% MINORITY PARTNER IN HOLDING COMPANY CRH (BEER) LIMITED.WILL CONTRIBUTE ITS OPERATING ENTITIES IN CHINA, INCLUDING THREE BREWERIES, INTO CR BEER FOR HK$2.4 BILLION, THROUGH SHARE SALE TRANSACTION.HEINEKEN WILL ACQUIRE A SHAREHOLDING OF 40% IN CBL AND CRE WILL OWN OTHER 60% IN CBL.HEINEKEN WILL INVEST A TOTAL AMOUNT OF HK$24.3 BILLION IN CBL, WHICH TRANSLATES INTO AN IMPLIED PURCHASE PRICE OF HK$36.31 PER SHARE IN CR BEER.UNDER STRATEGIC PARTNERSHIP AGREEMENT, HEINEKEN WILL BE CRE'S EXCLUSIVE PARTNER FOR INTERNATIONAL PREMIUM LAGER BEERS IN CHINA.TRANSACTION WILL BE IMMEDIATELY ACCRETIVE TO MARGINS AND ACCRETIVE TO EPS IN THE NEAR TERM.CRE WILL BUY 5.2 MILLION HEINEKEN N.V. SHARES WHICH ARE CURRENTLY HELD IN TREASURY FOR A TOTAL CONSIDERATION OF EUR 464 MILLION OR EUR 88.66 PER SHARE.PARTNERSHIP WILL BE GOVERNED BY A SHAREHOLDERS AGREEMENT.HEINEKEN AND CR BEER WILL ENTER INTO A TRADEMARK LICENSE AGREEMENT (TMLA) FOR HEINEKEN BRAND IN CHINA.  Full Article

China Resources Beer Responds To Press Reports On Increase In Product Prices
Monday, 8 Jan 2018 

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 brewer Tsingtao Q3 profit up 11 pct

SHANGHAI, Oct 26 China's second largest beer maker Tsingtao Brewery Co Ltd on Friday posted a 10.6 percent rise in net profit for the third quarter of the year, the third straight quarter of climbing profits despite a broader economic slowdown.