Asia Pacific Breweries (APB):

Asia Pacific Breweries (APB): said yday that plans to sell Heineken-APB (China) to China Resources Snow Breweries (CRSB) have been unconditionally approved following an anti-monopoly examination by the relevant Chinese authorities.
However, completion of the proposed transaction is expected to be delayed after a summons from the Intermediate People's Court of Nantong City in Jiangsu province was served on Heineken-APB (China) by Jiangsu Dafuhao Breweries.
Jiangsu Dafuhao, 49% owned by Heineken-APB (China), has claimed that the transfer of Heineken-APB (China)'s stake in Jiangsu Dafuhao to CRSB is invalid.
APB said the claim is groundless and without merit, and has sought legal advice.

APB closed up 3.2% yday at a record high of $32, but trading volume remains anaemic as usual.
Parent F&N was unchg at $6.49.