Tsingtao Brewery Co., Ltd. (00168.HK) plans to acquire all the equity of Huangjiu from Xinhua Jin Group and Lu Jin Group.

Financial news from the Wisdom Financial APP, Qingdao Beer (00168.HK) announced on May 7, 2025, that the company has signed a transfer agreement with Xinhua Jin Group, Lu Jin Group, and Jimo Yellow Wine. The company intends to acquire all the shares of Jimo Yellow Wine held by Xinhua Jin Group and Lu Jin Group. After the completion of this acquisition, Jimo Yellow Wine will become a wholly-owned subsidiary of the company and will be included in the company's consolidated financial statements.