CHINA: Yanjing Brewery to buy 38.4% of Guilin Brewer
The Chinese brewer Beijing Yanjing Brewery Co announced today that it is planning to acquire a 38.4% in the drinks company in Guilin Liquan Co. for ¥104.1m (US$12.5m) in cash.
Guilin Liquan produces some 250,000 tons of beer a year, primarily selling in the southwestern cities of Guilin, Nanning and Liuzhou.
Beijing Yanjing has an 8% share in China's beer market, with over 85% of the Beijing market.
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