HONG KONG: Harbin trading suspended
Harbin Brewery has had trading in its shares stopped today. The Hong Kong Stock exchange suspended trading in the Chinese brewer, but gave no reason for the suspension.
It is believed that the sale of US Capital Group's 7% stake in the brewer to Anheuser-Busch is the cause behind the suspension.
Anheuser-Busch will be obliged to make an offer for the rest of the shares in Harbin Brewery that it does not already own if the sale goes through.
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Anheuser-Busch is to follow the US launch of its B(E) beer by rolling out the brand in the UK....
The US brewer Anheuser-Busch said today that it had seen its earnings per share fall 3% in the first quarter of the year, compared to the same period last year as it was hit by difficult trading condi...
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Anheuser-Busch has threatened to stop buying rice from Missouri if the state allows genetically modified, drug-making crops to grow within its borders....
China's largest brewer Tsingtao Brewery has reported a 16.4% jump in net profit for the year to Y285m, according to local reports....
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