date:May 27, 2014
its beverage division rose 25 percent to HK$10 million.
In April, Tsingtao Brewery Co Ltd said its first-quarter net profit rose 20 percent on higher sales. China's second-biggest brewer by volume said it held around 17.2 percent share of the market last year.
CRE is controlled by China Resources (Holdings) Co Ltd , which in April appointed China Merchants Group's former chairman Fu Yuning as its new chief, replacing Song Lin who is being investigated by Chinese authorities.
CRE's shares, wh