, Singapore

Heineken-APB divests 21% stake in Kingway Brewery

The issued share capital is worth RMB1.08 billion or S$205 million.

According to DBS, the key condition is that GDH Limited, the controlling shareholder of Kingway Brewery, will not exercise its pre-emption rights to acquire the shares.

Heineken-APB is Fraser & Neave's subsidiary and an associate company of Asia Pacific Breweries.

F&N will recognise a disposal gain of S$38.4 million and HAPBC will recognise a gain of S$76 million.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!