Harbin Beer Mystery of Choice.docVIP

 PAGE \* MERGEFORMAT 10 Harbin Beer Mystery of Choice The world’s two beer giants - the U.S. Anheuser-Busch - Booth (abbreviated AB) and South Africa SABMillerSAB (referred to as SAB) compete for Harbin Brewery’s melee evidently only temporarily subsided only after the SASAC stand down. Following the Harbin Beer Board strongly urged shareholders to reject the comprehensive acquisition of SAB plan, the municipal government of Harbin last week, also shows that the attitude of, ‘to support AB shares’. Harbin Mayor Shi Zhongxin openly said, AB is that they have been seeking a strategic partner, with the AB beer industry co-operation is conducive to the integration of the Northeast, will help improve the profitability of Harbin Beer. Any of the options are at risk. Harbin municipal government unexpectedly subjected to state-owned assets being sold at the accusations, while the SAB is this company’s management a challenge. Even if AB White, Harbin Brewery will continue for a long time into the internal strife among the two major shareholders. SASAC has so far not issued a public event in this sensational views. Mystery offshore brokers In March 2004, Hong Kong-listed Harbin Brewery (0249.HK) announced that Harbin municipal government to the Global Conduit to sell 29.07% stake held by Harbin Beer. This decision has been the priority right to subscribe for SAB’s opposition. When the transaction has not been completed, Global Conduit announced that it would transfer the shares sold to AB. Since July 2003 Harbin Beer SAB signed a strategic investor with an agreement, SAB officially entered the Harbin Beer, Harbin Beer has been recognized as the exclusive strategic investor, holding amounted to 29.41%, therefore, SAB think they have a right ha State-owned equity interest held by right of first refusal. According to informed sources, the sale of shares in Harbin City of the plan, China Resources is also negotiating with the Harbin Beer. When the Global Conduit fina