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00656 FOSUN INTL
RTNominal up4.500 +0.040 (+0.897%)
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19/06/2018 10:21

Tsingtao Brewery (00168) and Fosun Int'l in strategic tie-up

[ET Net News Agency, 19 June 2018] Tsingtao Brewery (00168) said it has entered into a
strategic cooperation agreement its substantial shareholder, Fosun International (00656).
Fosun is indirectly interested in a 17.99% stake of Tsingtao.
Fosun will actively promote the full pairing of its various hotel and businesses with
Tsingtao, to enhance the penetrating power of Tsingtao's channels, and elevate the
acceleration of the market expansion and business development of Tsingtao in various ways.
(KL)

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