China Resources Beer applies to list up to RMB 8 billion notes

By William Gullotti

Buffalo, N.Y., Dec. 29 – China Resources Beer (Holdings) Co., Ltd. applied to list up to RMB 8 billion medium-term notes on Dec. 28, according to a company announcement.

The notes may be issued in multiple tranches with tenors not to exceed three years.

Proceeds from the offering will be used to repay interest-bearing debt, to supplement working capital, for project construction, for asset acquisition and for other permitted purposes.

Based in Hong Kong, the company principally engages in the manufacture, sale and distribution of beer products.

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