Shares of Tsingtao Brewery Co Ltd rose nearly 5 percent on Friday [13 October 2017] after the beer maker confirmed that its second-largest shareholder Asahi Group of Japan was selling all or part of its stake in the Chinese company. Shanghai-listed Tsingtao Brewery jumped by 4.99 percent to close at 32.85 yuan ($4.98), while the benchmark Shanghai Composite Index rose 0.13 percent…Full Article: China Daily Oct 2017
- In June 2017, Asahi sold its remaining 20.4% share in instant noodle company Master Kong [see Tingyi Holdings]. In 2016, Asahi sold a 10% stake in the company.
- In 2016, Asahi, via its subsidiary, sold Shandong Asahi Green Source High-tech Farm to China’s New Hope Group.
- In August 2009, Asahi Group bought 19.99% stake in Tsingtao Brewery from the Belgian-Brazilian company, ABInBev, for USD 670 million.
- In February 2017, Denmark’s Carlsberg A/S was considering purchasing a 20% stake of Tsingtao Brewery from Japan’s Asahi Group Holdings. A tie-up with Denmark’s Carlsberg may help Tsingtao Brewery compete with China Resources Beer Holdings’ Snow Beer and Anheuser-Busch InBev’s Budweiser beer.
- In January 2017, Asahi Group announced it was selling off its Shandong-based farm and dairy business.
- In 2014, China Resources’ Snow Breweries had a 23.8% market share (by volume) in China, followed by Tsingtao Brewery’s Tsingtao Beer at 18.4%, Anheuser-Busch InBev at 14.3%, Beijing Yanjing Brewery at 12.3%, and Carlsberg Group at 7.5%.
- In March 2013, Tsingtao began constructing a brewery (~600,000 kiloliter capacity) in Luoyang, Henan province, which began operations in December 2013. In August 2013, another Tsingtao brewery (~400,000 kiloliter) began operations in Jiujiang, Jiangxi province.
- In 2008, Asahi launched its dairy business in the Shandong Province. The Japanese company imported dairy cows from Australia, but reportedly failed to make headway due in part to China’s underdeveloped cold chain logistics infrastructure.
- Founded in 1903 and headquartered in Qingdao, Shandong Province, Tsingtao Brewery (SHA:600600) (HKG:0168) was the first Chinese company to be listed in both mainland China (Shanghai Stock Exchange in 1993) and Hong Kong (listed in 1993).
Hong Kong Trends