Heineken has not ruled out buying a majority stake in Chinese brewer Kingway Brewery Holddings. The Dutch company is currently in talks with Kingway to up its current stake in the brewer.

"We have 21% and we are in talks over expanding that stake," Heineken spokeswoman Veronique Schyns said.

When asked whether the company would look to lift its stake to 50% or more, Schyns said: "That is not excluded."