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Beer War Brewing in Asia Between A-B, Miller

By AP/KWMU

St. Louis, MO – A beer war appears to be brewing in Asia.

The company that owns Miller Beer said this morning (Wednesday) it's trying to take over the a beer maker in Hong Kong called Harbin Brewer.

That comes just a day after St. Louis based Anheuser-Busch bought a nearly 30% stake in Harbin.

SABMiller holds 29%, but is now offering stockholders $0.55 a share for their stock. SAB values Harbin at $551 million, and its offering prices is a third higher than Harbin's closing price on Friday.

SABMiller already has interests in 30 breweries in northeastern and central China and a 49% stake in China Resources Breweries, the second-largest brewing company in China.

Anheuser-Busch is a minority investor in Tsingtao, another Chinese brewer.

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