UPDATE 1-China's CRE to sell $3.6 bln of assets to parent, focus on beer

April 21, 2015 4:41 AM

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* CRE proposes HK$11.50 per share special dividend (Recasts; adds details of Tesco deal)

HONG KONG, April 21 (Reuters) - State-owned conglomerate China Resources Enterprise (CRE) will focus on its beer business after agreeing to sell the remaining operations to its parent for about $3.6 billion, sparking a 50 percent rise in its shares.

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