China Resources Beer Holdings Co Ltd (0291.HK)
21 Sep 2018
* Says Heineken deal to boost presence in China's premium mkt (Adds company comment, updates shares)
HONG KONG, Aug 17 China Resources Beer (Holdings) Co Ltd on Friday posted a 29 percent rise in first-half net profit thanks to an increase in average selling prices and improved sales of higher-margin premium beers.
Aug 3 Heineken said it signed a non-binding agreement with China Resources Enterprise Limited and China Resources Beer Holdings and will become a minority partner with a 40 percent stake in the holding company CRH (Beer) Limited.