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6 Current news from hong kong
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Budweiser brewer sells Australian unit to pay off debt
22-Jul-2019
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
16-Jul-2019
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
27-Mar-2017
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
09-Jan-2017
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
05-Oct-2016
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
29-Jun-2015
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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