Dynasty Fine Wines Forms Joint Venture in China

Dynasty Fine Wines Group Limited (HK:0828) has released an update.

Dynasty Fine Wines Group Limited is forming a joint venture with Guowei Company in Guizhou to trade sauce-flavour baijiu products across China. Dynasty will initially hold a 51% stake, with plans to potentially increase this to 90%, enhancing its revenue diversification and brand influence. This strategic move includes a three-year agreement for purchasing baijiu products, leveraging both companies’ strengths.

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