The world's second largest brewer InBev has closed its acquisition of the remaining 50% of Lion Group's beer business in China, therefore gaining 100% control.
In September 2003, Lion Diversified Holdings Berhad (LDHB), a diversified Malaysian group, sold 50% of its China brewing activities to InBev for US$131.5m, and transferred the management control of the strategic partnership to InBev.

On 20 September 2004, InBev announced the acquisition of the remaining 50% for a cash consideration of US$131.5m.

InBev is today the third-largest brewer in China, with 30m hectoliters of capacity, produced by 18 breweries, and present in six major provinces: Zhejiang, Guangdong, Hubei, Hunan, Jiangsu and Shandong.