SABMiller (SBMRY.PK) says its joint venture in China has worked out an agreement with Kingway...

|About: SABMiller plc ADR (SBMRY)|By:, SA News Editor

SABMiller (SBMRY.PK) says its joint venture in China has worked out an agreement with Kingway Brewery Holdings to acquire its brewery operations for $864M. China-based analyst Anson Chan isn't a big fan of the deal, calling it expensive and questioning if it will help Snow beer pick up market share from leading brands Tsingtao and Zhujiang Beer in the region.