According to a report from Agence France-Presse, China's leading brewer, Tsingtao Brewery Co., has agreed to acquire a 45% stake in Hunan Debier Brewery Co., a Sino-Malaysian joint venture, from the Hunan beer company, Changsha Brewery, for CNY108m (US$13m).

The remaining 55% in Hunan Debier is owned by the Malaysian Lion Group which has numerous brewing interests in China.