A China Resources Beer unit will acquire a 55.19 percent stake in Guizhou Jinsha Jiaojiu Winery Industry for (approx. $1.7 billion).
Guizhou Jinsha Winery produces and distributes baijiu products under the brands Zhaiyao and Jinsha Huisha in China. Baijiu is a white liquor made from wholegrain with alcohol content ranging from 40 to 60 percent.
The acquisition of Guizhou Jinsha Winery is part of China Resources Wine’s efforts to diversify its product mix and expand its revenue streams. The deal is expected to significantly enhance the group’s profitability and valuation.
According to Hou Xiaohai, executive director and CEO of China Resources Beer, their acquisition of Guizhou Jinsha Winery is a key initiative of their strategic plans for the baijiu market and represents our steady progress in the development of non-beer alcoholic beverages.
He added that they will integrate their existing baijiu business resources and further strengthen the group’s competitiveness and brand value within the Chinese baijiu industry through a ‘dual empowerment’ model to develop both beer and non-beer businesses at the same time.


Stuck in a creativity slump at work? Here are some surprising ways to get your spark back
Yes, government influences wages – but not just in the way you might think
Can your cat recognise you by scent? New study shows it’s likely
Debate over H-1B visas shines spotlight on US tech worker shortages
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks
Australia’s December Trade Surplus Expands but Falls Short of Expectations
The pandemic is still disrupting young people’s careers
Qantas to Sell Jetstar Japan Stake as It Refocuses on Core Australian Operations
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised
Thailand Inflation Remains Negative for 10th Straight Month in January
China and Uruguay Strengthen Strategic Partnership Amid Shifting Global Order
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences
Asian Markets Wobble as AI Fears Rattle Stocks, Oil and Gold Rebound
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound 



