The Carlsberg Group to increase shareholding in associated company Carlsberg Brewery Malaysia Berhad (CBMB) by purchasing a stake held by Hap Seng Consolidated Berhad.
Consequently, Carlsberg will own 50 per cent of the Malaysian company which is listed on the Kuala Lumpur Stock Exchange. The 1999 unaudited net result for Carlsberg Malaysia was MYR 138m (approx. DKK 269m) compared to MYR 114m (approx. DKK 222 m) for 1998.
CBMB was formed in 1969 as a joint venture between Carlsberg and The East Asiatic Company (EAC). Later on EAC sold its stake to Hap Seng.
Carlsberg Green Label is the leading lager brand in the country with a market share above 60 per cent. Exports account for about 15-20 per cent of local production.
CBMB announced in October last year its plans to invest more than MYR135m (approx. DKK 263m) during the next three years in plant expansion in order to increase production capacity and operational efficiency. The two-phase expansion programme involves the construction of a new brewhouse in order to double the present capacity.
The agreement is conditional upon and will be subject to local regulatory approval.
Jesper C. Bærnholdt
Group Treasurer/ Vice president
Telephone +45 3327 1541