综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Economy

Markets

Industries

Insights

Reports

Events

ABInBev sells down stake in Tsingtao

By Liu Jie (chinadaily.com.cn)
Updated: 2009-02-02 11:50

Tsingtao Breweries said this morning that Asahi of Japan has bought a 19.9 percent stake in the company from Anheuser-Busch InBev S.A. (ABInBev), the largest brewers in the world, for $667 million.

Related readings:  Branding their way to a better future  Tsingtao snaps up brewery  Overseas fever of Tsingtao Beer  Tsingtao Brewery H1 profit up 32%

The transaction will make the Japanese brewer the second largest single shareholder in Tsingtao after Tsingtao Beer Group of Shandong province, which owns 31 percent in the company.

In a statement to the Hong Kong Stock Exchange, Tsingtao said that after the sale, ABI's holding in the company will be reduced to 7.01 percent.

The sale of Tsingtao 's shares has demonstrated ABI has never had any intention to take control of Tsingtao, one of the most highly valued Chinese brands, analysts said. It also indicated Asahi's optimistic expectations of China's beer market, they said.