https://www.scmp.com/rss/112622/feed China Resources Enterprise (HK stock code: 0291) is a diversified group active in Hong Kong and China, importing mainland products to Hong Kong, and is a constituent stock of the benchmark Hang Seng Index. It has retail operations, including Vanguard supermarkets, and it owns Ng Fung Hong, a meat importer. It is a listed unit of conglomerate China Resources Holdings. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Zhu Wenqian Zhu Wenqian For Steven Zhou, a 40-year-old Beijing office worker, suburban outlet stores offer a better shopping experience than urban malls, allowing him to escape the city, park his car without frustration and, most importantly, find good deals. “Outlets offer a wide selection of brands, with attractive discounts, especially on sportswear,” Zhou said. Across the mainland, outlets are expanding while traditional and luxury malls face high vacancy rates. Offering well-known brands at discounted prices,... https://www.scmp.com/business/article/3345736/chinas-shoppers-head-suburban-outlets-bright-spot-retail-property?utm_source=rss_feed https://www.scmp.com/business/article/3345736/chinas-shoppers-head-suburban-outlets-bright-spot-retail-property?utm_source=rss_feed Sun, 08 Mar 2026 00:30:08 +0000 Mia Castagnone Mia Castagnone Shares of China Resources Beverage advanced in their trading debut in Hong Kong, as the momentum of initial public offerings (IPO) gathers pace in one of the busiest weeks this year for the local exchange, which may raise up to US$1.3 billion. Listed under the code 2460, CR Beverage changed hands at HK$16.50, a 13.8 per cent jump from its IPO price of HK$14.50, in first trades when chairman Zhang Weitong struck the ceremonial gong to mark the debut with Wang Xiangming, the chairman of its... https://www.scmp.com/business/banking-finance/article/3283450/china-resources-beverage-shares-rise-hong-kong-trading-debut-ipo-momentum-returns?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3283450/china-resources-beverage-shares-rise-hong-kong-trading-debut-ipo-momentum-returns?utm_source=rss_feed Wed, 23 Oct 2024 01:42:14 +0000 A former chairman of state-owned China Resources was stripped of his justice of the peace title by the Hong Kong government on Friday, months after the disgraced businessman was thrown behind bars for corruption. Charley Song Lin was sentenced to 14 years in jail and fined 4 million yuan (US$628,000) by a Guangzhou court last June after he pleaded guilty to embezzling public assets worth more than 9.74 million yuan, and receiving property, shares and benefits worth 23.3 million yuan between 2004... https://www.scmp.com/news/hong-kong/politics/article/2146805/disgraced-ex-chief-state-owned-china-resources-charley-song?utm_source=rss_feed https://www.scmp.com/news/hong-kong/politics/article/2146805/disgraced-ex-chief-state-owned-china-resources-charley-song?utm_source=rss_feed Fri, 18 May 2018 09:23:07 +0000 Song Lin, the former chairman of a state-owned conglomerate that controls the most number of publicly traded units in Hong Kong, has been sentenced to jail and fined for corruption, becoming one of the most senior managers of the city’s Chinese companies to be brought down by financial misdemeanours. Song, 54, was sentenced to 14 years in jail and fined 4 million yuan by a Guangzhou court for financial crimes valued at 23.3 million yuan, Xinhua News Agency reported. The property and money that... https://www.scmp.com/business/companies/article/2096544/chinese-conglomerates-ex-chair-gets-14-years-jail-corruption?utm_source=rss_feed https://www.scmp.com/business/companies/article/2096544/chinese-conglomerates-ex-chair-gets-14-years-jail-corruption?utm_source=rss_feed Thu, 01 Jun 2017 10:48:20 +0000 Supermarket operator China Resources Enterprise (CRE) sank into a HK$71 million loss for the third quarter, compared with a profit of HK$920 million for the same period last year. In a statement to the Hong Kong stock exchange yesterday, the company blamed the poor results mainly on costs related to its Tesco joint venture. Profit for the first nine months amounted to HK$858 million, down 55.7 per cent year on year. The state-backed retail conglomerate, which runs supermarkets on the mainland... https://www.scmp.com/business/companies/article/1639702/china-resources-sinks-losses?utm_source=rss_feed https://www.scmp.com/business/companies/article/1639702/china-resources-sinks-losses?utm_source=rss_feed Fri, 14 Nov 2014 07:15:45 +0000 China Resources Enterprise, one of the largest hypermarket operators on the mainland, said consolidated net profit fell 8.7 per cent year on year to HK$929 billion in the first half of the year and it expects to see a “significant drop” in profitability this year as it turns around its acquisition of Tesco’s mainland stores. The partnership was formed in October, with Tesco injecting all of its mainland stores into the joint venture and taking a 20 per cent stake. “We believe the immense... https://www.scmp.com/business/companies/article/1578394/china-resources-expects-drop-profitability-after-acquisition?utm_source=rss_feed https://www.scmp.com/business/companies/article/1578394/china-resources-expects-drop-profitability-after-acquisition?utm_source=rss_feed Thu, 21 Aug 2014 05:40:27 +0000 China Resources Enterprise (CRE), a retail-focused mainland conglomerate, said net profit sank 51.6 per cent to HK$1.91 billion last year, but the management expects a promising future due to its new joint venture with British supermarket giant Tesco. The partnership was formed last October, with Tesco injecting all of its mainland stores into the joint venture and taking a 20 per cent stake. Tesco's most recent annual pre-tax losses in China amounted to HK$3 billion. "When we bought Home World,... https://www.scmp.com/business/china-business/article/1453204/china-resources-enterprise-profit-halved-poor-results-retail?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1453204/china-resources-enterprise-profit-halved-poor-results-retail?utm_source=rss_feed Thu, 20 Mar 2014 06:30:15 +0000 Li Ka-shing's determination to cash out of the AS Watson retail businesses after his recent setback in offloading his ParknShop supermarket assets is likely to meet the same problem: buyer resistance on price. The proposed sale of ParknShop, one of the city's two largest supermarket chains, attracted attention from more than a dozen potential bidders. At least four companies - Thai industrial giant Charoen Pokphand Group, Australian retailer Woolworths, state-owned China Resources Enterprise and... https://www.scmp.com/business/companies/article/1343098/watson-sale-tipped-hit-price-snag-again?utm_source=rss_feed https://www.scmp.com/business/companies/article/1343098/watson-sale-tipped-hit-price-snag-again?utm_source=rss_feed Tue, 29 Oct 2013 19:30:30 +0000 China Resources Enterprise (CRE), the state-backed retail and beer conglomerate, is evaluating options for its meat distribution unit in Hong Kong that could include a sale, said two people with knowledge of the matter. CRE might start a strategic review of the business as early as this year, said the people, who asked not to be identified because the information is private. The company took then Hong Kong-listed Ng Fung Hong private in 2001 in a deal that valued it at HK$5.1 billion. Analysts... https://www.scmp.com/business/china-business/article/1326692/china-resources-weighs-sale-meat-unit-hong-kong?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1326692/china-resources-weighs-sale-meat-unit-hong-kong?utm_source=rss_feed Mon, 07 Oct 2013 16:00:00 +0000 Top British retailer Tesco will pay HK$4.33 billion to gain 20 per cent of a venture with China Resources Enterprise that will run supermarkets and other stores on the mainland and in Hong Kong. The venture, announced in August, will combine Tesco's 134 outlets and shopping centre business on the mainland with the almost 3,000 stores owned by the state-backed conglomerate on both sides of the border. The two firms planned to run supermarkets, convenience stores and liquor shops in greater China,... https://www.scmp.com/business/china-business/article/1322708/tesco-buys-stake-retail-venture-hk433b?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1322708/tesco-buys-stake-retail-venture-hk433b?utm_source=rss_feed Wed, 02 Oct 2013 02:48:35 +0000 Over the week, as the political temperature remains high following the chief executive's second summer town hall meeting, this time at Kwun Tong, one lower profile development should not go unnoticed. On August 10, sprawling conglomerate China Resources Enterprise (CRE), the second-biggest supermarket operator on the mainland with its Vanguard chain, announced that it would set up a joint venture with British retail giant Tesco. CRE will hold an 80 per cent stake in the venture which will... https://www.scmp.com/news/hong-kong/article/1297607/time-stop-arguing-and-get-things-done-instead?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1297607/time-stop-arguing-and-get-things-done-instead?utm_source=rss_feed Sun, 18 Aug 2013 16:00:00 +0000 The campaign to curb extravagant spending by mainland officials and rising material costs took a toll on China Resources Enterprise, which saw a more than 60 per cent drop in net profit in the first three months of the year. Shares in the beer-to-retailing conglomerate dropped 1.4 per cent to HK$25.15 yesterday after the quarterly report was published. Profits tumbled 61 per cent to HK$512 million in the three months to March, from HK$1.33 billion a year earlier. Stripping out the effect of... https://www.scmp.com/business/china-business/article/1239305/china-resources-hit-extravaganza-clampdown?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1239305/china-resources-hit-extravaganza-clampdown?utm_source=rss_feed Thu, 16 May 2013 16:00:00 +0000 Food and beverage retailer China Resources Enterprise (CRE) said it would continue its robust expansion, even after being hit by the expenses incurred in opening new stores and ballooning advertising costs last year. The retailer, which runs 4,400 supermarkets and breweries on the mainland, said net profit jumped 31 per cent last year from the year before. But underlying net profit, earnings excluding re-evaluation of the group's properties, fell 19 per cent to HK$1.53 billion due to slowing... https://www.scmp.com/business/companies/article/1196677/profit-fall-fails-hold-back-cre?utm_source=rss_feed https://www.scmp.com/business/companies/article/1196677/profit-fall-fails-hold-back-cre?utm_source=rss_feed Thu, 21 Mar 2013 16:00:00 +0000 I am grateful to the reader who drew my attention to the letter in Monday's edition of the South China Morning Post headed "HK's economy benefits from beef monopoly". The letter defended Hong Kong's monopoly importer of mainland beef cattle, Ng Fung Hong, a subsidiary of China Resources Enterprise. The writer rejected calls for Ng Fung Hong's monopoly to be scrapped, arguing that its privileged status is not to blame for the recent rise in beef prices. Beef prices are going up, he declared,... https://www.scmp.com/business/article/1094108/hong-kong-should-have-beef-its-dodgy-meat-monopoly?utm_source=rss_feed https://www.scmp.com/business/article/1094108/hong-kong-should-have-beef-its-dodgy-meat-monopoly?utm_source=rss_feed Thu, 29 Nov 2012 16:00:00 +0000 Slower economic growth and rainy weather have taken a toll on China Resources Enterprise, with earnings at its beer unit falling in the third quarter and retailing profits slipping in the first nine months of the year. Net profit rose 33 per cent year on year to HK$3.37 billion in the nine months ended September, buoyed by disposal gains and property revaluation. Stripping the exceptional gains from revaluation and disposal of non-core asset, the underlying profit dropped 4.8 per cent to HK$1.80... https://www.scmp.com/business/companies/article/1087863/rain-dampens-earnings-china-resources-enterprise?utm_source=rss_feed https://www.scmp.com/business/companies/article/1087863/rain-dampens-earnings-china-resources-enterprise?utm_source=rss_feed Wed, 21 Nov 2012 16:00:00 +0000 From time to time we are invited to diplomatic cocktail parties, usually to celebrate national day or the sovereign's birthday. These are usually polite convivial occasions which include diplomats, government officials, prominent nationals, and a sprinkling of local business people and minor tycoons. While generally agreeable, they don't stand out as must-go-to events. However, there is one of these functions coming up shortly, which may be more interesting than your average diplomatic party.... https://www.scmp.com/business/article/1087780/one-place-where-you-dont-mention-diaoyus?utm_source=rss_feed https://www.scmp.com/business/article/1087780/one-place-where-you-dont-mention-diaoyus?utm_source=rss_feed Wed, 21 Nov 2012 16:00:00 +0000 Companies sitting on too much cash may not be a good thing. That is because it opens the possibility for controlling shareholders to find uses for the money other than the straightforward solution of returning it to equity investors. Two examples, China Mobile and the China Resources Group, could perhaps be used to illustrate this potential risk. China Mobile announced on August 12 that it would invest 4.6 billion yuan (HK$5.6 billion) for a 92 per cent stake in China Mobile Finance (CMF),... https://www.scmp.com/article/982730/cash-me-if-you-can?utm_source=rss_feed https://www.scmp.com/article/982730/cash-me-if-you-can?utm_source=rss_feed Sun, 23 Oct 2011 16:00:00 +0000 China Resources Enterprise has bought a beer brewery in Henan in its latest move to grab a larger slice of the competitive drinks market. The red-chip company, which runs supermarket chains CR Vanguard and Suguo and brews Snow beer, said yesterday it had taken over Henan Shangqiu Lanpai Beer, one of the largest breweries in the province, for an undisclosed price. This is the group's third acquisition in Henan in 15 months. China Resources Snow Breweries (China) general manager Wang Qun said the... https://www.scmp.com/article/974261/china-resources-buys-third-brewery-henan?utm_source=rss_feed https://www.scmp.com/article/974261/china-resources-buys-third-brewery-henan?utm_source=rss_feed Fri, 22 Jul 2011 16:00:00 +0000 Retail player China Resources Enterprise is examining about seven acquisition proposals as it seeks to make a bigger push into the competitive mainland market, a senior official says. Chief financial officer Frank Lai Ni-hium said yesterday that proposals in question covered beer breweries, food-related projects across the border and any consumer brands, which would help expand the group's operations. He said the group's financial muscle was strong enough to fund potential acquisitions on the... https://www.scmp.com/article/968954/retail-player-seeks-move-mainland?utm_source=rss_feed https://www.scmp.com/article/968954/retail-player-seeks-move-mainland?utm_source=rss_feed Fri, 27 May 2011 16:00:00 +0000 Consumer giant China Resources Enterprise said yesterday it will pursue growth through acquisitions after reporting a 34.4 per cent jump in underlying profit to HK$660 million in the first three months of this year. Including a post-tax profit from asset revaluations and disposals, the net profit rose 15.4 per cent to HK$826 million on turnover of HK$26.67 billion, 26.4 per cent higher than a year ago. Chairman Qiao Shibo said promising growth in the consumer market continued in the second... https://www.scmp.com/article/968282/cre-acquisition-trail-after-344pc-profit-leap?utm_source=rss_feed https://www.scmp.com/article/968282/cre-acquisition-trail-after-344pc-profit-leap?utm_source=rss_feed Thu, 19 May 2011 16:00:00 +0000 Today Interim: Far East Pharma Tech Final: Advanced Semiconductor Manufacturing, Argos Enterprise, China Huiyuan Juice, China Resources Enterprise, China Resources Power, China Telecom, First Pacific, Hainan Meilan Int'l Airport, Kingdee Int'l Software, Kingsoft, Melco Int'l Development, Mingyuan Medicare Development, Minmetals Resources, SCMP, Shenzhen Mingwah Aohan High Tech, Wuyi Int'l Pharma, Xinyi Glass, Yu Ming Inv, Zheda Lande Scitech https://www.scmp.com/article/632004/results?utm_source=rss_feed https://www.scmp.com/article/632004/results?utm_source=rss_feed Sun, 30 Mar 2008 16:00:00 +0000 Today Interim: Star Cruises AGM: Netel Technology (Holdings) November 19 Interim: Hong Kong Economic Times Holdings, Matsunichi Communication Holdings, Sincere Co., Tse Sui Luen Jewellery (International), VST Holdings, Xinjiang Xinxin Mining Industry 3rd Quarter: China Resources Enterprise AGM: Samling Global November 20 Interim: AV Concept Holdings https://www.scmp.com/article/615807/results?utm_source=rss_feed https://www.scmp.com/article/615807/results?utm_source=rss_feed Thu, 15 Nov 2007 16:00:00 +0000 Red-chip conglomerate China Resources Enterprise yesterday posted a 194.49 per cent jump in first-half net profit on the sale of its petrol stations and said it would raise capital spending for this year by 45 per cent to fund acquisitions. Net profit for the six months to June rose to a record HK$3.74 billion from HK$1.27 billion a year earlier, boosted by a one-off gain of HK$2.39 billion from the HK$4 billion sale of its Hong Kong petrol distribution unit to Sinopec Corp, the mainland's... https://www.scmp.com/article/606827/china-resources-profit-jumps-194pc?utm_source=rss_feed https://www.scmp.com/article/606827/china-resources-profit-jumps-194pc?utm_source=rss_feed Wed, 05 Sep 2007 16:00:00 +0000 State group to make pharmaceuticals business its new earnings driver State-owned conglomerate China Resources (Holdings) is in talks to buy out the country's top drugmaker Sanjiu Enterprise Group as it aims to make pharmaceuticals its new earnings driver. 'We're seeking to buy 100 per cent of Sanjiu,' president Charley Song Lin said. China Resources planned to merge Sanjiu with its existing drug business, including newly acquired China Worldbest Group, another mainland drugmaker, Mr Song... https://www.scmp.com/article/585672/drug-firm-sights-china-resources?utm_source=rss_feed https://www.scmp.com/article/585672/drug-firm-sights-china-resources?utm_source=rss_feed Mon, 19 Mar 2007 16:00:00 +0000 Consumer product giant could reap hefty gains from sell-off as it speeds up move to pull plug on oil, petroleum and ports Consumer product giant China Resources Enterprise's move to pull out of the oil, petroleum and container terminal markets has gained momentum, with a deal to shed part of these assets expected in the next few months. Negotiations were already in the final stages and the group could net a one-off gain of 'billions of dollars' from the sell-off, sources said. The group... https://www.scmp.com/article/547455/cre-nears-asset-disposal-deal?utm_source=rss_feed https://www.scmp.com/article/547455/cre-nears-asset-disposal-deal?utm_source=rss_feed Wed, 03 May 2006 16:00:00 +0000 Retail and brewery units expected to continue to spur growth amid robust demand and favourable state policies Red-chip consumer product distributor China Resources Enterprise expects its retail and brewery units to continue to spur profit growth after helping deliver a record-breaking $2.22 billion last year, according to chairman Charley Song Lin. Combined turnover of the retail unit's supermarkets and fashion brand distribution and the brewery unit's Snow beer would grow at least 10 per... https://www.scmp.com/article/543854/china-resources-earns-record-22b?utm_source=rss_feed https://www.scmp.com/article/543854/china-resources-earns-record-22b?utm_source=rss_feed Thu, 06 Apr 2006 16:00:00 +0000 & China Resources Power Holdings, not sister company China Resources Enterprise, is considering a foray into Hong Kong's electricity market. This is to clarify a B1 report on Saturday. https://www.scmp.com/article/496305/corrections-clarifications?utm_source=rss_feed https://www.scmp.com/article/496305/corrections-clarifications?utm_source=rss_feed Mon, 11 Apr 2005 16:00:00 +0000 Today Final: China Force Oil & Grains Industrial , China Rare Earth Holdings, China Resources Land, Hantec Investment Holdings, Hong Kong Construction (Holdings), Integrated Distribution Services Group, Melco International Development, Perfectech International, Symphony Holdings, Techtronic Industries, Topsearch International (Holdings), Zijin Mining Tomorrow Final: Asia Zirconium, China Resources Enterprise, Chitaly Holdings, Great China Holdings, Great Wall Technology, Guangdong Tannery, Kee... https://www.scmp.com/article/495663/results-diary?utm_source=rss_feed https://www.scmp.com/article/495663/results-diary?utm_source=rss_feed Wed, 06 Apr 2005 16:00:00 +0000 China Resources Enterprise (CRE) is in talks to buy a stake in piped-gas supplier Zhengzhou Gas Holdings, the blue-chip conglomerate's latest attempt to move into the fledgling but lucrative industry. The potential deal could bring a financially sound shareholder to Zhengzhou Gas, which is listed on the Growth Enterprise Market and has a piped-gas supply monopoly in Zhengzhou. But the deal has led to uncertainty about China Resources' expansion plans. The State Council-backed conglomerate... https://www.scmp.com/article/429241/cre-plans-stake-zhengzhou-gas-firm?utm_source=rss_feed https://www.scmp.com/article/429241/cre-plans-stake-zhengzhou-gas-firm?utm_source=rss_feed Fri, 26 Sep 2003 16:00:00 +0000 Red chip China Resources Enterprise (CRE) - through a brewing subsidiary - will spend 19.2 million yuan (about HK$17.99 million) to buy the remaining 10 per cent stake in China Resources (Jilin) Breweries. The stake acquisition will make China Resources (Jilin) Brewery a wholly-owned subsidiary of China Resources Breweries, which is 51 per cent owned by CRE. The red chip said the equity purchase would enable it to fully implement a national brand strategy. https://www.scmp.com/article/401630/china-resources-brewery-buy?utm_source=rss_feed https://www.scmp.com/article/401630/china-resources-brewery-buy?utm_source=rss_feed Mon, 23 Dec 2002 16:00:00 +0000 Shares of China Resources Enterprise yesterday plunged 10.05 per cent to HK$7.60 after the red-chip conglomerate aborted plans to buy a mainland logistic business from its parent. 'Investors usually buy red chips or H shares on their new growth concepts . . . buying momentum was lost when the company decided to scale back,' one analyst said. On Tuesday, China Resources told analysts it would not acquire the logistics business of parent China Resources (Holdings) because of the sector's... https://www.scmp.com/article/364409/plan-change-hurts-red-chip?utm_source=rss_feed https://www.scmp.com/article/364409/plan-change-hurts-red-chip?utm_source=rss_feed Wed, 28 Nov 2001 16:00:00 +0000 China Resources Holdings (CRH), the unlisted Hong Kong-conglomerate controlled by the mainland's Foreign Trade Ministry, said yesterday that Chen Xinhua had succeeded Gu Yongjiang as chairman of the group. https://www.scmp.com/article/339659/new-crh-chairman?utm_source=rss_feed https://www.scmp.com/article/339659/new-crh-chairman?utm_source=rss_feed Mon, 19 Feb 2001 16:00:00 +0000 HSI Services will reclassify three stocks in the Hang Seng Index to sub-indices to better reflect their business nature with effect from March 1. China Resources Enterprise and New World Development will be reclassified from 'properties' to 'commerce and industry' as their non-property revenues have grown to exceed 50 per cent of revenues. Wheelock & Co will be reclassified from 'commerce and industry' to 'properties'. https://www.scmp.com/article/339204/stocks-reclassified?utm_source=rss_feed https://www.scmp.com/article/339204/stocks-reclassified?utm_source=rss_feed Wed, 14 Feb 2001 16:00:00 +0000 China Resources Enterprise is the second-largest member of the red-chip index and one of only a handful of mainland constituents on the Hang Seng Index. Its interests range from property to supermarkets and food distribution. One year ago, Prudential-Bache Securities put a sell on the stock, saying the share price had run far ahead of its fair valuation of the company. 'While we are comfortable with the fundamentals of China Resources, the share price has run ahead of current prospects. The... https://www.scmp.com/article/299562/what-broker-said?utm_source=rss_feed https://www.scmp.com/article/299562/what-broker-said?utm_source=rss_feed Sat, 13 Nov 1999 16:00:00 +0000 China Resources Enterprise (CRE) is to pay $2.72 billion to acquire the retail businesses of its parent, China Resources (Holdings) (CRH). The price for CRC Department Stores and Chinese Arts and Crafts stores represents a 26.9 per cent discount to their combined adjusted net asset values. The acquisition would be financed with a cash payment of $680.61 million and with $1.36 billion to be raised from a placement of 113 million shares on completion of the arrangement by the end of next... https://www.scmp.com/article/293235/cre-pay-27b-stores-parent?utm_source=rss_feed https://www.scmp.com/article/293235/cre-pay-27b-stores-parent?utm_source=rss_feed Thu, 09 Sep 1999 16:00:00 +0000 China Resources Enterprise (CRE) is considering the acquisition of two property-related assets from parent China Resources (Holdings), according to chairman Ning Gaoning. He revealed the deals were worth several billion Hong Kong dollars, but gave no further details. Contrary to expectations, the redevelopment of the Cheung Sha Wan godown site and China Resources Petroleum are not in the cash-rich CRE's pipeline. The company now has $4 billion cash on hand. CRE's intention to buy... https://www.scmp.com/article/286127/cre-targets-parent-deals-lift-income?utm_source=rss_feed https://www.scmp.com/article/286127/cre-targets-parent-deals-lift-income?utm_source=rss_feed Thu, 24 Jun 1999 16:00:00 +0000 China Resources Enterprise (CRE) has acquired the 92.5 per cent share held by Foster's China in Tianjin Foster's Brewery through subsidiary CRE Beverage. The Tianjin brewery, which has an annual production capacity of 75,000 tonnes, is the only one in the city. Foster's, faced with fierce competition in the mainland's price-sensitive regional markets, decided last August to spin off its operations in Tianjin and Guangdong in order to concentrate on the Shanghai market. The acquisition is... https://www.scmp.com/article/283736/cre-takes-over-tianjin-fosters?utm_source=rss_feed https://www.scmp.com/article/283736/cre-takes-over-tianjin-fosters?utm_source=rss_feed Mon, 31 May 1999 16:00:00 +0000 Sun Hung Kai Properties and China Resources Enterprise denied their projects had potential piling problems in the wake of an investigation by the Buildings Department. https://www.scmp.com/article/246830/piling-denial?utm_source=rss_feed https://www.scmp.com/article/246830/piling-denial?utm_source=rss_feed Thu, 02 Jul 1998 16:00:00 +0000 Red chip China Resources Enterprise (CRE) will pay its ultimate parent $205 million for two godowns in Yau Tong, Kowloon. CRE's 80 per cent subsidiary agreed with parent China Resources (Holdings) to pay $22.48 million in cash and $182.52 million in a shareholder's loan. https://www.scmp.com/article/224159/cre-buys-godowns-parent?utm_source=rss_feed https://www.scmp.com/article/224159/cre-buys-godowns-parent?utm_source=rss_feed Mon, 22 Dec 1997 16:00:00 +0000 Red chip China Resources Enterprise (CRE) says asset injections will form part of the company's longer-term view, although no particular project is being considered, managing director Frank Ning Gaoning says. Mr Ning declined to comment on whether CRE or its parent China Resources (Holdings) Co (CRC) would buy an interest in HKCB Bank Holdings. 'Shares in HKCB Bank and its two subsidiaries are suspended. The issue is too sensitive for [CRE] to make any comment at this stage. 'I think HKCB... https://www.scmp.com/article/198958/cre-chief-identifies-goals-long-term?utm_source=rss_feed https://www.scmp.com/article/198958/cre-chief-identifies-goals-long-term?utm_source=rss_feed Fri, 06 Jun 1997 16:00:00 +0000 CHINA Resources Enterprise is a mainland-backed conglomerate whose activities include property development, sale of building materials and beer manufacturing. This time last year ING Barings put a buy on the stock, saying the company's robust earnings growth was set to continue. This proved excellent advice as the fervour for red chips saw the shares rocket to record levels. A year ago China Resources shares traded at $5.30. Now they are at $25.35, having outperformed the Hang Seng Index by... https://www.scmp.com/article/197301/china-resources-enterprise?utm_source=rss_feed https://www.scmp.com/article/197301/china-resources-enterprise?utm_source=rss_feed Sat, 24 May 1997 16:00:00 +0000 Citibank has announced that its 270 million 1997-98 basket warrants will expire on December 16 this year, not next year as previously announced. The above warrant was in a private placement on HKR International, Sino Land, Great Eagle Holdings, Paliburg Holdings and Century City International Holdings. Another 300 million 1997-98 basket call warrants in a private placement on Citic Pacific, China Resources Beijing Land, Guangnan (Holdings), China Resources Enterprise, China Travel... https://www.scmp.com/article/182107/change-warrants-expiry-date?utm_source=rss_feed https://www.scmp.com/article/182107/change-warrants-expiry-date?utm_source=rss_feed Sun, 19 Jan 1997 16:00:00 +0000 THE planned 100 per cent injection of food giant Ng Fung Hong into China Resources Enterprise is expected to occur by the end of the year in a transaction to be financed by internal resources and cash-raising. China Resources Enterprise managing director Frank Ning said group parent China Resources (Holdings) planned to inject Ng Fung in a planned series of moves to dramatically raise China Resources Enterprise earnings over the next five years. ''Our plan is to create a well-developed... https://www.scmp.com/article/75275/cre-plans-asset-injection-lift-blue-chip-hopes?utm_source=rss_feed https://www.scmp.com/article/75275/cre-plans-asset-injection-lift-blue-chip-hopes?utm_source=rss_feed Tue, 24 May 1994 16:00:00 +0000 CHINA Resources Enterprise has posted a profit of $367.9 million for 1992, which was mainly due to the disposal of an industrial building in Kwai Chung. Net profit stood at $14.5 million on a turnover of $37.4 million. The company said the sale of Riley House generated sales income of about $821 million and an extraordinary profit of $353.4 million. The Hongkong-based mainland conglomerate China Resources Holdings became the largest shareholder in the company, formerly Winland... https://www.scmp.com/article/27701/sale-lifts-china-resources?utm_source=rss_feed https://www.scmp.com/article/27701/sale-lifts-china-resources?utm_source=rss_feed Thu, 29 Apr 1993 16:00:00 +0000