China Resources Beer Explained

China Resources Enterprise Limited
华润创业有限公司
Type:State-owned enterprise (Red chip)
Foundation:1992
Location:Hong Kong
Key People:Chen Long (Chairman)
Area Served:Mainland China
Hong Kong
Industry:Conglomerate
Parent:China Resources Holdings

China Resources Enterprise is the subsidiary and the listed company of China Resources Holdings. It is a conglomerate enterprise focusing on retailing, beverage, food processing and distribution, textiles and real estate in Hong Kong and Mainland China. Its assets include a 51% share in CR Snow, the largest brewing company in China and a joint venture with SAB Miller.[1]

It was a Hang Seng Index Constituent Stock (blue chip) and is Hang Seng China-Affiliated Corporations Index Constitute Stock (red chip) in the Hong Kong stock market.

See also

Notes and References

  1. News: China Resources/SABMiller JV buys breweries from Heineken. 13 July 2011. Reuters. 30 September 2011.