Kingway Brewery

Kingway shares climb after sale of breweries announced

Kingway Brewery Holdings. Photo: Bloomberg News

Shares of Kingway Brewery Holdings rose 7 per cent yesterday after the company announced it was selling its brewery business for 5.58 billion yuan (HK$6.87 billion) to China Resources Snow Breweries and a special dividend was proposed.

Thursday, 7 February, 2013, 5:16am

China's biggest brewer, Snow, to buy Kingway

China Resources Enterprise's Chen Lang (left) and Kingway Brewery's Huang Xiaofeng toasting their deal. Photo: Jonathan Wong

Kingway will reinvent itself as a developer after selling its distribution network and its seven breweries, by redeveloping its Plant 1 site in Buxin, Shenzhen, the only land holding it is not selling as part of the deal, into a retail and commercial complex.

6 Feb 2013 - 4:43am

Kingway in sights of China Resources

China Resources Enterprise hopes to buy Kingway Brewery, one of Southern China's leading beer brands, as it seeks to expand its market share of the mainland beverage industry.

China Resources says its expansion plan is still on course despite a slump in profit last year on surging labour costs and higher tax expenses.

22 Mar 2012 - 12:00am

Kingway stock soars on rumours of asset sale

Shares in one of Guangdong's largest breweries, Kingway Brewery, jumped to a near five-year high yesterday as bidders lined up to buy its brewery operations and the Kingway brand.

The stock closed up 27 HK cents, or 10.11 per cent, yesterday at HK$2.94, gaining 17.6 per cent since the close of trade on Friday.

15 Feb 2012 - 12:00am


Today Interim: Aupu Group Holding, China Investments Holdings, China Power Int'l Development, China Resources Enterprise, Nanyang Holdings, Quasar Communication Technology Holdings, Scud Group, Tristate Holdings

AGM: Kwong Hing Int'l Holdings, Mexan, Shaw Brothers (Hong Kong)

3 Sep 2008 - 12:00am


Today Interim: China Flavors & Fragrances, China Merchants Holdings (Int'l), China National Materials, China Shanshui Cement Group, Denway Motors, Hidili Industry Int'l Development, Nam Fong Int'l Holdings, Shanghai Industrial Holdings, Shangri-La Asia, Sino Biopharmaceutical, Tradelink Electronic Commerce

2 Sep 2008 - 12:00am


Today Interim: China Resources Power Holdings, First Pacific, Giordano Int'l, Hi Sun Technology (China), SCMP Group, Shougang Concord Century Holdings, Shougang Concord Grand (Group), Shougang Concord Int'l Enterprises, Sinotrans, Tian An China Investments, Xinyi Glass Holdings, Xtep Int'l Holdings

AGM: King Fook Holdings, Lee & Man Paper Manufacturing

1 Sep 2008 - 12:00am

Hard times to take froth off brewers' earnings

Earnings of mainland brewers are expected to lose their froth this year, with industry players worst hit by falling sales and rising costs likely to report losses, warn analysts.

14 Jul 2008 - 12:00am


Today Final: Le Saunda Holdings, Mobile Telecom Network (Holdings), United Power Investment

AGM: CATIC Shenzhen Holdings, Hopson Development Holdings, Kingway Brewery Holdings, Lerado Group (Holding)

Tomorrow Final: China WindPower Group, Soluteck Holdings

16 Jun 2008 - 12:00am


Tomorrow AGM: Baoye GroupJune 16 Final: Le Saunda Holdings, Mobile Telecom Network (Holdings), United Power Investment

AGM: CATIC Shenzhen Holdings, Hopson Development Holdings, Kingway Brewery Holdings, Lerado Group (Holding)

June 17 Final: China WindPower Group, Soluteck Holdings

14 Jun 2008 - 12:00am


Today Interim: Eco-Tek Holdings

3rd Quarter: China Medical and Bio Science, Enviro Energy Int'l Holdings, GreaterChina Technology

Final: ABC Communications (Holdings), Tern Properties

13 Jun 2008 - 12:00am


Today Interim: BAL Holdings

Final: Norstar Founders Group

12 Jun 2008 - 12:00am


Today Final: Agile Property, Bonjour Holdings, Chia Tai Enterprises, China Assets, China Golden Development, China Financial Leasing, China Southern Airlines, Chinney Alliance, CITIC Resources, Daido Group, Dalian Port (PDA), Dream Int'l, eForce Holdings, First Shanghai Investments, First Tractor, Founder Holdings, Galaxy Entertainment, Golik Holdings, Great Wall Technology, Greater China Holdi

18 Apr 2008 - 12:00am


Today Interim: Aeon Credit Service (Asia), Arnhold Holdings, Asia Tele-Net and Technology, CCT Tech International, CCT Telecom Holdings, Chia Tai Enterprises International, China Agri-Industries Holdings, China Foods, China Investment Fund, China Merchants Holdings, China Renji Medical, Co-Prosperity Holdings, COSCO International, Daido Group , Datronix Holdings, EcoGreen Fine Chemicals, Fortun

19 Sep 2007 - 12:00am

Kingway to raise HK$757m for new plants

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