The State-owned Assets Supervision and Administration Commission (SASAC) of China in principle approved Chongqing Brewery Group to accept the tender offer of buying 96.79 million shares or a 20% stake the group holds in Chongqing Brewery (SHSE: 600132) to Carlsberg Brewery Hong Kong Limited at CNY 20 a share.
Matters related to the tender offer are still verified by the Ministry of Commerce currently and the tender offer shall not be officially announced until China Securities Regulatory Commission issued a no-objection letter. The tender offer has not taken effect and there are considerable uncertainties.
Source:
http://www.sinocast.com/readbeatarticle.do?id=99314
