China resources venture rose 4% consumption rebound increase in wine company equity

China resources, which announced earlier that it would cut capital spending targets and slow down its new store plan, Gaokaigao away this morning, with shares now up 3.62% to HK $18.34 and 1.96 million shares, or boosted by increased holdings of its wine-making subsidiaries to integrate their production facilities, as they are able to share more profits as consumption picks up. The company announced that its subsidiary China Resources Snowflake Brewery will spend RMB 48 million to acquire 20% of the shares of Shenyang Huajian Brewery to achieve a wholly-owned shareholding, but to be approved by Chinese regulatory authorities. And Shenyanghua Brew main production and sale of snow brand beer, the current annual output can be 120,000 thousand liters.