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Harbin Brewery to delist in HK Aug 19
(Agencies)
Updated: 2004-08-06 16:06

US 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.

In June, its HK$5.58/share takeover offer beat a rival offer from SABMiller PLC that valued Harbin Brewery at HK$4.3 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.

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