Pursuits
China Resources Surges After Selling Assets to Focus on Beer
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China Resources Enterprise Ltd. rose the most in more than two decades after announcing it will sell businesses including its main money-losing retail venture with Tesco Plc, and focus on the world’s best-selling beer.
The stock ended 56 percent higher at HK$23.70 by the close in Hong Kong, after resuming trading from an April 8 halt.