Brewing conglomerate, South African Breweries, is planning to invest $100 million in the Chinese beer industry over the next three years in both acquisitions and marketing, according to a report in the China Daily newspaper. The company has already invested around $100 million in China through numerous acquisitions.

The report said SAB would be targeting breweries with strong brands for acquisition while SAB would also be looking to launch other brands in China.

Late last year, the UK-based company, the fifth largest brewing concern in the world, announced its two latest acquisitions in China. It bought a 60% participation in Euro Dongxihu Brewery in Wuhan from Danone and an 85% share in the Snow Leopard Brewery near Changchun in northeast China for $5.6 million. It now claims to be the second largest brewer in the country after Tsingtao.