Kirin and CRE form venture

Kirin Holdings Co, Japan's second-largest brewer by volume, will form a venture with China Resources Enterprise Ltd (CRE) to expand in the world's fastest-growing major economy.
Tokyo-based Kirin will invest $400 million in the venture, taking a 40 percent stake, while China Resources will own the remainder, the companies said in a statement on Monday.
Source:China Daily