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SABMiller affiliate buys Chinese breweries
London (AFP) Jul 24, 2006 SABMiller, the world's second-biggest brewer, said on Monday that its Chinese affiliate CR Snow had agreed to buy Yinyan Brewery in China for 42.3 million dollars (33.5 million euros). China Resources Snow Breweries had decided to buy also the brewing assets of Xiangwang Brewery for 10.1 million dollars, Britain-based SABMiller said in an official statement. SABMiller, which owns 49 percent of CR Snow, said the two acquisitions were "strategic" for the development of CR Snow in China. burs-bcp/hd Community Email This Article Comment On This Article Related Links China News from SinoDaily.com
Thailand seeks US, China support for UN top job
Kuala Lumpur (AFP) Jul 24, 2006 Thailand's candidate for the UN's top job will seek the support of the United States, China and its Southeast Asian neighbours at a regional meeting here this week, officials said Monday. |
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