It is a conglomerate enterprise focusing on retailing, beverage, food processing and distribution, textiles and real estate in Hong Kong and Mainland China. Heineken Management China is a subsidiary of Heineken N.V., which holds an indirect 40% interest in CRH (Beer) Limited. It rapidly expanded, gobbling up middling provincial breweries around the country. At present, China Resources Snow Beer operates more than 91 breweries in China, including the Snow Beer brand and more than 30 regional brands. * Says Heineken deal to boost presence in China's premium mkt (Adds company comment, updates shares)Chief Financial Officer, Company Secretary, Executive Director The firm also brews more than 30 regional brands, such as Huadan, Singo, and Zero. It is headquartered in Beijing, China. Originally known as Shenyang Snow Beer Company before acquired by China Resources Enterprise, it was a joint venture between China Resources Enterprise and the UK based multinational SABMiller, but is now fully owned by the former. China Resources beer's business is well known for its "Snow" beverage, accounting for about 20% of the Chinese beer market.Copyright © 2020 FactSet Research Systems Inc. All rights reserved.In 2014, the company had the largest share of China's beer market for the ninth straight year. China Resources Beer is a state-owned major beverage maker and a core subsidiary of China Resources (Holdings), a conglomerate that operates electricity, food and other businesses. China Resources has 98 breweries and its brand Snow Beer is considered the best-selling brand in the beer market in the country. China Resources Snow Breweries (CR Snow) brews Snow brand beer, the world's top-selling beer. The Company’s subsidiaries include CRE Beverage Trading Limited, China Resources Snow Breweries Limited and China Resources Snow Breweries (Sichuan) Co., Ltd, among others. By 2006, Snow had acquired more than 50 breweries and had become China’s largest beer producer by volume. The company also offers soft drink brands through a joint venture it established in 2011 with Japanese beverage giant Kirin Holdings.China Resources Beer is a state-owned major beverage maker and a core subsidiary of China Resources (Holdings), a conglomerate that operates electricity, food and other businesses.
Snow started in Shenyang in 1994 as part of a joint-venture brand between multinational SABMiller and China Resources Beer (CRB). It is headquartered in Beijing, China. Although China is the world's largest beer consumer, in 2014 the domestic market contracted from a year earlier, due to the country's economic slowdown and other negative factors. CR Snow (officially China Resources Snow Breweries Ltd.) is a brewing company with its headquarters in Beijing, China.Originally known as Shenyang Snow Beer Company before acquired by China Resources Enterprise, it was a joint venture between China Resources Enterprise and the UK based multinational SABMiller, but is now fully owned by the former. It is the biggest brewing company in China, with a market share of around 21 per cent and sold a total of 9.28 billion litres of beer in China in 2010.
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