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ChinaScope Financial
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ChinaScope is the financial data and analytics platform for global financial professionals seeking critical quantitative and qualitative information on China. Our platform covers raw and processed data and information on companies, industries and the macro economy. We help our clients gather and... More
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  • Tsingtao And Suntory To Set Up Two JVs In China 0 comments
    May 2, 2013 10:47 PM | about stocks: TSGTY, TSGTF

    Prepared by ChinaScope Financial | Source:Yahoo

    • Suntory Holdings Group announced on April 30 that it has formed a strategic partnership with Tsingtao Brewery Co., Ltd. (00168: HKG; 600600: SHA) to set up two joint ventures (JVs) in Shanghai.
    • The 50:50 JVs will specialize in the brewing and distribution of beer beverages under the brand of Suntory and Tsingtao, placing primary focus on beer businesses in Shanghai and the Jiangsu Province.
    • Suntory Holdings Group is one of the oldest companies engaged in the distribution of alcoholic beverages in Japan, while Tsingtao Brewery is China's leading beer brewer and distributor.
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