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As of 2014, CRSB was the largest brewing company in China with over 90 breweries across the country, brewing more than 10 gigalitres of Snow every year. [1] By 2016, SABMiller owned 49 percent of Snow Beer. Before acquiring SABMiller, Anheuser-Busch InBev had agreed to sell its interests in Snow to China Resources Enterprise (for $1.6 billion ...
CR Snow (officially China Resources Snow Breweries Ltd.) is a brewing company with its headquarters in Beijing, China.Originally known as Shenyang Snow Beer Company before acquired by China Resources Enterprise, it was a joint venture between China Resources Enterprise and the UK based multinational SABMiller, but is now fully owned by the former. [3]
Beer in China was the dominant alcoholic beverage through the Han dynasty, after which it was eclipsed by rice wine. Modern brewing appeared in the late 1800s, brought to China by Europeans who brewed pale lagers, such as Tsingtao. Both beer production and consumption of local and imported brands grew increasingly popular in the 20th century.
The company was previously part of China Resources Enterprise before it sold its non-beer business to China Resources Holdings and rebranded to China Resources Beer in September 2015. [2] It is a Hang Seng Index Constituent Stock and is Hang Seng China-Affiliated Corporations Index Constitute Stock in the Hong Kong stock market.
Before acquiring SAB Miller, AB InBev had agreed to sell its interests in Snow to China Resources Beer (Holdings) Co for $1.6 billion to satisfy regulators. The deal closed on 12 October 2016. [12] SABMiller was the second-largest brewer in India and had joint ventures in Vietnam and Australia.
This page was last edited on 13 September 2016, at 12:07 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
The EWO Brewery Ltd. was established in Shanghai, China in 1935 by Jardine, Matheson & Co. Ltd, [1] one of the largest trading companies in the Far East at that time. Beer production commenced in 1936, and Ewo Breweries became a public company under Jardines' management in 1940 with Chinese investors buying up 75% of the stock. [1]
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