The Hong Kong stock exchange has suspended trading in Kingway Brewery Holdings Ltd, the brewer currently in talks with multinational Heineken about a possible acquisition.
 
Trading has been halted pending the announcement of what may be price-sensitive information.

Earlier in the week, the Dutch brewer said that it was in preliminary discussions, through its associated company Heineken Asia Pacific Breweries China, with GDH Limited, the controlling shareholder of Kingway Brewery Holdings Limited in China, regarding a possible increase of its 21%−shareholding interest in Kingway.

Heineken said it has not ruled out buying a majority stake in the Chinese 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."