"China Recources sticks to buying plan to flat growth" from South China Morning Post

"China Resources Enterprise, the state-backed consumer business conglomerate, said it will continue to undertake acquisitions within its core sectors of retail, beer, food and beverages."


"The beer division showed strong recovery in the third quarter, with a year-on-year earnings increase of 30.2 per cent to HK$526 million.

An increase in production capacity and more aggressive promotions drove China Resources' national beer brand Snow up 15 per cent to 7.05 million kilolitres, accounting for more than 90 per cent of beer sales for the first nine months.

The beverage business achieved growth of 44.8 per cent in year-on-year earnings in the third quarter, reaching HK$84 million."