Tsingtao Brewery Acquires Jimo Yellow Wine to Expand Market Reach

Tsingtao Brewery Co ( (HK:0168) ) has issued an announcement.

Tsingtao Brewery Company Limited has announced its acquisition of the entire equity interest in Shandong Jimo Yellow Wine Factory Company Limited. This strategic move, valued at RMB 665 million, will make Jimo Yellow Wine a wholly-owned subsidiary of Tsingtao, enhancing its market positioning and expanding its product offerings. The acquisition aligns with market price levels and business principles, ensuring no harm to the interests of the company and its minority shareholders. The completion of the acquisition is contingent upon certain conditions being met, and during the transitional period, Jimo Yellow Wine will continue its normal operations.

More about Tsingtao Brewery Co

Tsingtao Brewery Company Limited is a Sino-foreign joint stock company based in the People’s Republic of China. It operates in the beverage industry, primarily focusing on the production and distribution of beer. The company is known for its market presence in both domestic and international markets.

Average Trading Volume: 5,686,864

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$92.14B

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