Harbin Beer delisting- Building AB system is the first step in.docVIP

 PAGE \* MERGEFORMAT 8 Harbin Beer delisting: Building ‘AB system’ is the first step in The United States, Anheuser-Busch (hereinafter referred to as ‘AB’) finally Harbin Brewery (0249, HK) completely in the bag. With the U.S. fund Castlerigg will have an impact of 10.01% stake in the full sale of the Harbin Beer, AB Harbin Beer will be presented at a recent privatization of applications, and Harbin Beer listing will therefore be revoked. Whether active or passive, the world’s largest beer giant finally come to the fore in China from behind the scenes and began to build ‘AB system’ the first step. Helpless victory ‘AB should be expected that the privatization of this step, but he probably never thought this day would come so quickly. ‘Xinjiang Securities specializes in the food industry research analyst Wu Hongguang that. July 12, Harbin Brewery announced, AB submitted to 5.58 Hong Kong dollars a share purchase agreement, as of July 9, 2004, AB has been awarded the issued shares of Harbin Brewery 99.66% of the shares. According to the Hong Kong Stock Exchange listed company regulations, AB’s Harbin Brewery for holding more than 90% of the shares of the Stock Exchange and therefore the right to apply for compulsory acquisition. After the completion of compulsory acquisition of Harbin Brewery will withdraw its application for the Hong Kong Stock Exchange listing. The key stake in the fund from the United States Castlerigg, according to the Stock Exchange announcement, Castlerigg on July 5 noted the sale of 100.3 million shares held by Harbin Beer shares, representing 10.01% of the issued share capital. In this compulsory acquisition agreement is completed, in June 2002 only in the Hong Kong Stock Exchange-listed Harbin Brewery was officially AB privatize the company. This is the second COFCO privatization of Top Glory International (0268), the first two are about to be privatized red-chip companies. However, with the Top Glory International is different fro