China

Heineken expands in China

Heineken expands in China

Heineken last week announced its decision to acquire a 40 per cent
stake in the Chinese brewery Jiangsu DaFuHao, after intimating in
its February results that it would continue to look for investment
opportunities.

China police detain Yili CFO

China police detain Yili CFO

Three senior executives from China dairy group Yili have been
detained by police authorities allegedly investigating accusations
of company embezzlement. Analysts believe the news is likely to
send shock waves through the sectors...