Dutch brewing giant Heineken has moved to increase its stake in Singapore-based Asia Pacific Breweries.

APB said today (28 July) that Heineken has bought an extra 610,000 shares, taking its direct stake in the company to 9.53%.

Heineken and the Singaporean conglomerate jointly own the Tiger Beer brewer Fraser and Neave.

Asia Pacific Breweries has expanded its overseas operations this year and recently entered the fast-growing Indian beer market. In June, the brewer set up a joint venture in Andhra Pradesh, the country's largest beer market and in May acquired a 76% stake in Aurangabad Breweries (AUBL).

The brewer has also moved to invest in its Vietnamese business while forming a joint venture partnership with the Lao government.