Anheuser-Bush, the US brewing giant, intends to raise its stake in the Chinese brewery, Tsingtao, from 5% to 27%, reports of Chinese press reveal. According to the same sources, Anheuser-Busch will pay around HK$1.2 billion to acquire the additional shares. This information was issued after the last week announcement about the signed strategic agreement between the two companies.

06 August, 2002