TAIWAN: Carlsberg venture buys stake in distributor
Carlsberg's venture in Malaysia has bought a stake in the Danish brewer's distributor in Taiwan to boost exports to the Asian country.
Carlsberg Brewery Malaysia Bhd (CBMB) said late yesterday (30 October) that it has a bought a 50% stake in Carlsberg Distributors Taiwan (CDT).
The brewer has paid around US$800,000 for the stake in a deal with Hong Kong-based company Wiseline Limited.
"We believe that there are opportunities in the Taiwan market to grow and develop Carlsberg sales which, over a period of time, will add value to the earnings of the CBMB Group," said CBMB executive director Chin Voon Loong.
Carlsberg, which is looking to bolster its presence throughout Asia, owns a 51% stake in CBMB.
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