Heineken remains interested in upping its stake in Kingway Brewery Holdings. The Dutch brewer currently holds a 21.4% stake in the Chinese brewer but has hit a stalemate with Kingway's parent company, Guangdong Holdings Ltd, in its hope of acquiring more shares.

Speaking at an analyst meeting yesterday (22 February) following the release of Heineken's full year results, chief executive Thony Ruys said: "We're still interested… but if the price is too high, we will wait."

Guangdong Holdings, which is controlled by the Guangdong provincial government, said last month that it has no intention of relinquishing majority control of the brewer. The Dutch brewer, which acquired its holding in Kingway last year for €57m, has indicated for some time that it wants to up its stake.