China Resources Beer plans $1.2 billion rights issue to buy SABMiller?s JV stake

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China Resources Beer plans $1.2 billion rights issue to buy SABMiller?s JV stake

China Resources Beer plans .2 billion rights issue to buy SABMiller?s JV stake
HONG KONG (Reuters) - China Resources Beer (Holdings) Co Ltd said it seeks to raise HK$9.51 billion ($1.2 billion) via a deeply discounted rights offer to part-fund the purchase of SABMiller PLC's stake in their joint venture.

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