Reports in the Chinese press suggest that the brewer, part of Beijing Enterprise Holdings Ltd., has set aside CY200m ($24m) to acquire breweries in the Anhui, Zhejiang and Jiangsu provinces.
CHINA: Yanjing linked with acquisition spree
The Chinese brewer, Beijing Yanjing Brewery Co., the third largest brewing concern in the country, is reportedly planning to buy as many as three breweries next year.