China's Harbin Brewery to delist in HK Aug 19

U.S. beer maker Anheuser-Busch says it will apply to delist the shares of China's Harbin Brewery Ltd. from the Hong Kong stock exchange from August 19th.

Anheuser-Busch now owns 99.6 percent of China's fourth largest brewery,reported CRIENGLISH.com.

In June, its 5.58-a-share Hong Kong dollars takeover offer beat a rival offer from SABMiller PLC that valued Harbin Brewery at 4.30 Hong Kong dollars a share.

The Hong Kong stock exchange rules require minority shareholders to sell their shares in a listed company at the offer price once the company offering the takeover has lifted its stake above 90 percent.

CRIENGLISH.com