Fosun International agreed a purchase of 17.99% share of Tsingtao beer with RMB 5.6 billion

Fosun International has signed purchase agreement with Tsingtao beer recently, which agreed a purchase of 17.99% share of Tsingtao beer with RMB 5.6 billion. This will make Fosun International the second largest shareholder of Tsingtao beer.

Tsingtao beer is one the earliest brewery in China dated back to 1903. Tsingtao beer has over 60 breweries among 20 provinces in China (Source: TJKX, 22 December 2017).