Date
18 October 2017

Carlsberg to raise stake in Chongqing Brewery, filing says

Chongqing Brewery Co. Ltd. (600132.CN), one of China’s largest beer makers, said on Thursday that its shareholder Carlsberg Brewery Hong Kong Ltd. has received regulatory approval to increase its stake in the mainland brewer, a regulatory filing showed. According to a report released by Carlsberg Friday, it will acquire another 30.29 percent stake, or 146.58 million shares, in Chongqing Brewery at 20 yuan (US$3.28) apiece between Nov. 5 and Dec. 4, Chongqing Brewery’s shares will resume trading from Friday, the filing said. Reuters reported that the purchase will increase Carlsberg’s stake to 60 percent of Chongqing Brewery.

– Contact HKEJ digest@ejinsight.com

TL/AC/SK

 

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