Anheuser-Busch Completes Purchase of 29 Percent Stake in Harbin Brewery.Business Editors HONG KONG--(BUSINESS WIRE)--May 19, 2004 Anheuser-Busch (NYSE NYSE See: New York Stock Exchange : BUD), a leading global brewer, today announced the completion of its purchase of approximately 29 percent of Harbin Brewery Group Acquired by Anheuser-Busch in 2004, Harbin Brewery is located in China and is the country's fourth-largest brewery. Harbin is one of the oldest brewers in China, has a leading position in Northeast China and produces the Hapi beer brand. Ltd. (HKSE HKSE Hong Kong Stock Exchange 0249.HK), a leading brewer in China, through the purchase of Global Conduit Holdings Ltd., an investment holding company. The holding company acquired the brewery A brewery can be a building or place that produces beer, or a business (brewing company) whose trade is the production and sale of beer. Breweries can take up multiple city blocks, or be a collection of equipment in a homebrewer's kitchen. shares from the City of Harbin under a previous agreement, and the transfer to Anheuser-Busch was completed after receipt of all requisite approvals for the transaction. The total purchase price was HK$1.08 billion (US$139 million), or the equivalent of HK$3.70 per share. |
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