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APB inks deal for 40 percent stake in China's DaFuHao
Breweries
SHANGHAI April 18, 2005: Singapore mainboard-listed
Asia-Pacific Breweries has made another foray into China, the world's
largest beer market.
In a deal worth US$28.6 million, the Singapore beer maker has bought a 40
percent stake in DaFuHao Breweries, one of the most profitable beer makers
in China's Jiangsu province.
This is APB's second such investment in just over a year.
International breweries are making a beeline for China.
In many countries, beer has been losing its appeal, but not in China.
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