Alert: SABMiller Takes Stake in China Brewer

And the march into Red China continues. Just a few days after A-B announced that it would convert its Tsingtao bonds to double its stake in that brewery, SABMiller decides to buy into another major Chinese brewer.SABMiller has announced its intention of taking a significant stake in China's fourth largest brewery, Harbin Brewery Group, through a SABMiller subsidiary called Gardwell Ltd., according to press reports overseas.The deal pegs Gardwell as the second largest shareholder in Harbin with a stake of