News Column

Wuliangye to Spend CNY255mn on 51% Wuguchun Stake

July 8, 2014

HENAN, July 8, SinoCast -- Wuliangye Yibin (SZSE: 000858) will spend about CNY 255 million acquiring an about 51% stake in Henan-based liquor maker Wuguchun.

Initiating in the 1950s, Wuguchun is a state-owned company, with total assets of CNY 130 million and annual production capacity of wheat and rice wine of 3,500 liters and commodity wine of 12,000 liters. By this April, unaudited total assets hit CNY 286 million, net assets hit CNY 238 million and liabilities hit CNY 47 million.

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Source: Sinocast Consumer Products Beat (China)

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