Red chip Beijing Enterprises Holdings will pour 5 billion yuan (HK$5.9 billion) into breweries, water and gas supply to spur growth this year.Friday, 1 April, 2011, 12:00am
Beijing Enterprises Holdings, the investment arm of the capital's city government, expects its gas and beer businesses to maintain their robust growth after reporting a 93.7 per cent jump in first-half earnings.
'Our gas sales volume in Beijing grew at a rate of more than 20 per cent in past years and [we expect] such a trend will continue,' said vice-chairman Zhou Si.18 Sep 2008 - 12:00am
After a successful strategic transformation to a market-oriented company over the past few years, Beijing Enterprises Holdings is looking at rapid growth this year.14 Apr 2008 - 12:00am
Proceeds from share placement to fund building of new plants and capacity expansion
Beijing Yanjing Brewery, the third-biggest brewer on the mainland and a subsidiary of Beijing Enterprises Holdings, plans to raise up to 1.8 billion yuan from a share placement to fund expansion, a Yanjing senior manager told mainland media.22 Jan 2008 - 12:00am
Kingway Brewery, a mainland beer maker in which Heineken owns 20 per cent, has proposed to raise about HK$757 million by selling rights shares to fund construction of new plants.
Kingway will sell at least 310 million rights shares at HK$2.42 each on the basis that holders of every nine existing shares are entitled to buy two. HSBC is arranging the sale.18 May 2007 - 12:00am
Red chip Beijing Enterprises Holdings this year is expected to see a continued decline in profit margins of its beer division and a sales fall at its information and technology investment, Beijing International Switching System.14 Feb 2002 - 12:00am
Beijing Enterprises has acquired two breweries for 236.88 million yuan (about HK$221.86 billion) from its parent, in a move that will boost its presence in the world's second-largest beer market.25 Jul 2000 - 12:00am
Shangri-La Asia Recommendation: Sell Brokerage: Indosuez W.I.
Carr Securities INTERIM results were much worse than expected, with net profit falling 49 per cent to $240.7 million, mainly caused by weaker demand and regional currency devaluations.6 Sep 1998 - 12:00am
Analysts were divided yesterday over whether Beijing Enterprises Holdings, which on Monday reported a 48 per cent rise in full-year net profit excluding exceptionals to $426 million, would be able to meet its target for core earnings growth this year.22 Apr 1998 - 12:00am
Pre-tax profit of Shenzhen-listed A share Yanjing Brewery, owned by red chip Beijing Enterprises, rose 45.6 per cent last year from a year ago, the Beijing Daily said. Beer sales jumped 25 per cent to 733,000 tonnes last year. 'Our output and pre-tax profit both rank the top in the field,' a spokesman said.11 Feb 1998 - 12:00am
Beijing Enterprises Holdings Recommendation: Buy Brokerage: SBC Warburg BEIJING Enterprises is a mainland-backed conglomerate with interests including consumer products, transport infrastructure, tourism services and property investment.5 Oct 1997 - 12:00am
Red chip Beijing Enterprises Holdings says it will record an exceptional profit of $211 million this year in addition to a net profit of $350 million. The company said a subsidiary of its 80 per cent owned Yanjing Brewery would raise 587.2 million yuan (about HK$544.9 million) by issuing 80 million A shares, or 25.9 per cent of enlarged share capital, at 7.34 yuan each.25 Jun 1997 - 12:00am
Beijing Enterprise Holdings said some of the assets owned by its 80 per cent-controlled Yanjing Brewery were mentioned last week in an announcement saying the company was to issue A shares.3 Jun 1997 - 12:00am