CRE to sell non-beer assets to parent for $3.6b

China Resources Enterprises proposal is the latest example of a conglomerate streamlining its business to create a more focused story for shareholders.

State-owned China Resources Holdings on Tuesday offered to buy the non-beer assets of its Hong Kong-listed subsidiary China Resources Enterprise for HK$28 billion ($3.6 billion), a move which will transform the latter from a conglomerate to a pure-play brewer.

¬ Haymarket Media Limited. All rights reserved.

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