SABMILLER has launched its take-over bid for HARBIN BREWERY, the fourth largest brewery in China, which has also been eyed-up by ANHEUSER-BUSCH (see EI 8 May). SABMILLER has offered HKD 4.30 per share. SABMILLER has assessed the total value of the Chinese brewer (in which it already has a 29.4% holding) at HKD 4.3 bn.