|Day's range||18.52 - 18.98|
|52-week range||14.46 - 19.60|
|PE ratio (TTM)||76.57|
|Dividend & yield||0.00 (0.00%)|
|1y target est||N/A|
In creating the world’s biggest beer company, Anheuser-Busch InBev NV may need to let go of the planet’s best-selling beer: China’s Snow.
China Resources Holdings Co., the conglomerate that controls the nation’s most popular beer brand, is joining the bidding for Hong Kong lender Nanyang Commercial Bank Ltd., people with knowledge of the matter said. China Resources, which bankrolled Nanyang’s founding more than half a century ago, is among suitors weighing binding offers for the lender by next month’s deadline, according to the people. It is vying with bad-loan manager China Cinda Asset Management Co., which is also considering a bid, the people said, asking not to be identified as the information is private.
The British retailer has set its sights on China as part of ambitious international growth plans