China Resources Beer Holdings to acquire a 55% stake in Guizhou Jinsha Jiaojiu Winery Industry for $1.7bn.

China Resources Beer Holdings, a conglomerate enterprise focusing on retailing, beverage, food processing and distribution, textiles and real estate in Hong Kong and Mainland China, agreed to acquire a 55% stake in Guizhou Jinsha Jiaojiu Winery Industry, a Chinese colourless liquor maker, for $1.7bn. China Resources Wine Holdings agreed to boost capital in Shandong Jingzhi Baijiu, another Chinese colourless liquor manufacturer, China Resources Beer said in August 2021, without disclosing the size of the transaction.