InBev has upped its stake in Chinese brewer Zhujiang Beer and said it plans to invest a further CNY124.9m (US$15.5m) in the company.

InBev today (19 January) raised its stake to 25.31% from 24% following an agreement with Zhujiang Beer's key shareholders.

A spokesperson for InBev in Brussels confirmed the investment but declined to comment further. InBev officials in China could not be reached for comment as just-drinks went to press.

Zhujiang Beer is based in the city of Guangzhou, the capital of China's southern Guangdong province.

InBev is the third-largest brewer in China, behind China Resources Breweries and market leader Tsingtao. The Belgian brewing giant has been heavily linked to a US$750m takeover of local brewer Fujian Sedrin but a deal has yet to be finalised.