You are here

Asahi to sell stake in China's Tsingtao for US$941m


ASAHI Group Holdings Ltd agreed to place its stake in Tsingtao Brewery Co back into Chinese hands, selling its holding to conglomerate Fosun Group and the local brewer for about US$941 million.

Asahi is selling its 20 per cent holding in China's third largest brewer for HK$27...