China Resources Beer to raise $1.2b in HK share sale to fund SABMiller deal

China Resources Beer to raise $1.2b in HK share sale to fund SABMiller deal

A barman pours a beer produced by brewing company SAB Miller at a bar in Cape Town, September 16, 2015. REUTERS/MIKE HUTCHINGS

China Resources Beer Holdings Co. plans to raise HK$9.5 billion ($1.2 billion) in a Hong Kong share sale to help finance the purchase of the remaining stake in a Chinese venture with SABMiller Plc, consolidating its lead in the world’s largest beer market by volume. The shares fell in Hong Kong trading.

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