Home / Business / Business Highlights Tools: Save | Print | E-mail | Most Read | Comment
Tsingtao Brewery buys Jinan Beer with US$36.8mln
Adjust font size:

Tsingtao Brewery will shortly complete the purchase of Jinan Beer and its famous brands such as "Baotu Spring" at about 250 million yuan(US$36.8 mln), reported Oriental Morning Post today.

Insiders said that both parties have achieved a preliminary agreement which will be announced this week, but Tsingtao Brewery did not make any comment on the revelation.

Miao Xizhe, a professor from the School of Management of Ocean University of China, told Oriental Morning Post that the ultimate reason for Tsingtao Brewery's purchase is to compete with China Resources Snow Breweries Limited (CR Snow) which is extending its Shandong market and likely to engulf Jinan Beer.

Once the price war between the two starts, Tsingtao Brewery is likely to lose at least 250 million yuan, said Miao.

For more details, please read the full Chinese coverage at:

http://www.dfdaily.com/node2/node27/node120/userobject1ai172033.shtml

(China.org.cn by Fan Junmei June 4, 2009)

Tools: Save | Print | E-mail | Most Read Bookmark and Share
Comment
Pet Name
Anonymous
China Archives
Related >>
- pí jiǔ
啤酒 Beer
- Beer prices to foam
- Qingdao, coastal city of beer and natural beauty
- Tsingtao beer joins NBA
June 7 Tokyo 2nd China-Japan High-Level Economic Dialogu

June 30 Shanghai 2009 Automotive Engine Technology Seminar

July 3-4 Beijing Global Think Tank Summit
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?