Japan's leading beer company Asahi announced that the company plans to sell its entire 19.99% stake in the Chinese beer maker Tsingtao.
Anheuser-Busch InBev, Tsingtao Beer's second-largest single shareholder, has announced that it will sell 91,641,342 H shares in Tsingtao Beer for HKD19.83 per share to Chen Fashu, chairman of the Fujian-based New Huadu Industrial Group.
Asahi Breweries and Itochu Corporation have announced the establishment of a milk company in Shandong Province, China.
Asahi Breweries and Marubeni Corp will jointly establish a joint venture with a Chinese enterprise to manufacture and sell wines. This is the first time for the Japanese food industry giants to enter China's wine…