China Resources Beer is a subsidiary of China Resources Holdings. Its assets include a 51% share in CR Snow, the largest brewing company in China and a joint venture with SAB Miller.[1]
Background
The company was previously part of China Resources Enterprise before it sold its non-beer business to China Resources Holdings and rebranded to China Resources Beer in September 2015. [2]
It is a Hang Seng Index Constituent Stock (blue chip) and is Hang Seng China-Affiliated Corporations Index Constitute Stock (red chip) in the Hong Kong stock market.