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8 Current news from hong kong


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Swire Coca-Cola Announces Agreement to Acquire Coca-Cola Bottling Businesses in Vietnam and Cambodia

The Company’s First Foray into South East Asia


Swire Coca-Cola Limited, a wholly-owned subsidiary of Swire Pacific Limited (HKSE: 00019/00087), today announced that it has reached a definitive agreement to acquire Coca-Cola subsidiaries with bottling businesses in Vietnam and Cambodia.The transactions will be Swire Coca-Cola's first ...


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AB Inbev wants to raise five billion dollars by going public in Asia


According to Kreisen, the world's largest beer brewer AB Inbev wants to raise about 5 billion US dollars (about 4.5 billion euros) with its new plan for the IPO of the Asian division. The Belgian group is currently testing the interest of investors and could publish details next week, the news ...


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Budweiser brewer sells Australian unit to pay off debt


AB Inbev, the world's biggest brewer with brands like Budweiser and Corona, is selling its unit in Australia to reduce debt after it decided against listing shares in Asia. The company said Friday it is selling Carlton & United Breweries for $16 billion AUD ($11.3 billion) to Japanese rival Asahi ...


AB Inbev blows off IPO of the Asia division


AB Inbev, the world's largest beer brewer, is breaking off the planned IPO of its Asian business. In a statement released on Friday evening, the company referred to several factors, including the prevailing market conditions. In New York, the share price of AB Inbev slowed an initial reaction by ...


Hong Kong orders recall of Brazilian meat products


The government of Hong Kong has ordered the recall of meat supplied by Brazilian meatpackers involved in a tainted meat scandal. The Secretary for Food and Health, Ko Wing-man, announced the recall on Friday, saying that six meatpackers allegedly involved in the scandal had exported meat to Hong ...


McDonald's sells China business in deal worth up to $2.1B


Fast-food giant McDonald's is selling a controlling stake in its China business to a group of investors led by state-owned Chinese conglomerate Citic in a deal worth up to $2.1 billion, the companies said Monday. The transaction is part of a global business overhaul being carried out by the ...


China regulators fine OSI Group $3.6M in 2014 meat scandal


The Chinese units of a former meat supplier for McDonald's and KFC China have been fined more than $3.6 million for selling expired meat in a fast food safety scandal that erupted two years ago. It's the latest fallout for OSI Group after a Shanghai TV station reported in 2014 that the company ...


General Mills To Cut 675 To 725 Jobs


General Mills Inc. (GIS), Thursday announced plans to eliminate about 675 to 725 positions, in order to increase its international sales and curb administrative costs as the packaged-food company aims to boost its slowing sales. The Minneapolis, Minnesota-based company expects to post ...


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