date:Feb 06, 2013
XIT
Kingway, which is to change its name to Guangdong Land Holdings Ltd, said at a news conference in Hong Kong it was to focus on property development and investment in China.
Kingway said in January 2012 it planned to sell brewing operations in southern China as its profit was being hit by competition and rising costs.
Beijing Yanjing (000729.SZ), China's fourth-largest domestic brewer, had been in advanced talks to strike a deal with Kingway last year, after beating Anheuser-Busch InBev NV