CR Beer launches $1.2b rights issue for JV buyout

The proceeds will be used to part-fund the acquisition of the 49% stake of CR Snow that it doesn't already own following the merger of beer giants AB InBev and SABMiller.
July 06, 2016

China Resources Beer (CR Beer) launched a HK$9.5 billion ($1.2 billion) rights issue on Wednesday, the biggest in Hong Kong for more than two years, to part-fund the buyout of its SABMiller joint venture China Resources Snow Breweries (CR Snow).

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media