皇冠体育app

File photo of?a Snow beer pictured at a dining table in Huaibei, Anhui province. [Liu Huaiyu / Asianewsphoto]?

皇冠体育app Resources Enterprise Ltd will acquire Shenzhen-based Kingway Brewery Co Ltd in July at the earliest, the Guangzhou Daily reported on Friday.

The newspaper said the acquisition will take effect in July or August, but that it still needs approval from the Ministry of Commerce.

This week, 皇冠体育app Resources Enterprise?- which owns the Snow Beer brand and is a subsidiary of 皇冠体育app Resources (Holdings) Co Ltd?- released its financial results for 2012.

Its turnover increased 14.6 percent year-on-year to HK$126.24 billion ($16.26 billion), and profit attributable to shareholders rose 30.9 percent year-on-year to HK$3.95 billion. Its underlying consolidated profit would have decreased 19.2 percent year-on-year to HK$1.53 billion.