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Billion-Dollar Stake in Liquor-Giant Moutai Handed to Local Government Firm, for Free

2020年12月25日 19:41 来源于 财新网
Moutai Group has agreed to transfer part of its stake in the mainland’s most valuable listed company to an investment vehicle owned by the heavily indebted government of its home province of Guizhou
The parent of Kweichow Moutai has transferred a 4% stake in the iconic liquor-maker to a provincial government-backed investment vehicle, a move that could help ease the cash crunch of its debt-laden home province. Photo: IC Photo

The parent of liquor giant Kweichow Moutai Co. Ltd. has agreed to hand over part of its multi-billion-dollar stake in the Chinese mainland’s most valuable listed company to a provincial government-owned investment vehicle. The price? Free.

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