East Asia

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...

China faces beer price rise

China faces beer price rise

China's growing band of beer brewers is claiming that rising costs
of ingredients coupled with rising production costs is likely to
put between 10 and 20 per cent on the price of a beer during the
course of this month, a factor...

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