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China Resources Beer is a subsidiary of China Resources Holdings. Its assets include a 51% share in CR Snow, the largest brewing company in China and a joint venture ...
CR Snow (officially China Resources Snow Breweries Ltd.) is a brewing company with its headquarters in Beijing, China.Originally known as Shenyang Snow Beer Company before acquired by China Resources Enterprise, it was a joint venture between China Resources Enterprise and the UK based multinational SABMiller, but is now fully owned by the former. [3]
It is also known as China Resources C'estbon Food & Beverage. On April 18, 2013, China Resources C'estbon sued Nongfu Spring, a rival company, accusing Nongfu of spreading false accusations against C'estbon. [3] The company went public through an initial public offering in October 2024 and is listed on the Hong Kong Stock Exchange. [4]
SABMiller announced Tuesday that the Chinese joint venture it participates in will acquire Kingway Brewery Holdings. China Resources Snow Breweries will pay 5.38 billion yuan ($855 million) in ...
It is brewed by CR Snow, that (until October 2016) was a joint venture between SABMiller and China Resources Enterprises. When Snow was first released in 1993 it was produced by three breweries. As of 2014, CRSB was the largest brewing company in China with over 90 breweries across the country, brewing more than 10 gigalitres of Snow every year ...
The company's main business focus is the export of mainland Chinese products (including energy) to Hong Kong. Its retail operations are organised under the China Resources Retail group, and include Chinese Arts & Crafts; it also runs a number of supermarkets in Hong Kong, originally under the CRC name, but now rebranded as Vanguard.
Beer in China was the dominant alcoholic beverage through the Han dynasty, after which it was eclipsed by rice wine. Modern brewing appeared in the late 1800s, brought to China by Europeans who brewed pale lagers, such as Tsingtao. Both beer production and consumption of local and imported brands grew increasingly popular in the 20th century.
Kingway Brewery Holdings Limited (SEHK: 124) is a leading beer maker in China. It is a subsidiary of government-owned Guangdong Holdings Group , the biggest Hong Kong–based enterprise owned by the Guangdong provincial government.