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Tsingtao Brewery: Asahi acquisition not to affect controlling power

Posted on: Thu, 07 May 2009 23:23:00 EDT

Symbols: TSGTF

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BEIJING, May 07, 2009 (Xinhua via COMTEX) --
TSGTF | Quote | Chart | News | PowerRating -- The recent equity deal between
Japanese brewer Asahi Breweries Ltd. and Belgium's leading brewer Anhe
user-Busch InBev. will not affect the controlling power of Tsingtao Br
ewery Group in its listed company Tsingtao Brewery Company Limited (60
0600.SH), stressed an official with the leading Chinese brewer.

Anheuser-Busch InBev, Tsingtao Brewery's former second lar
gest shareholder, signed an agreement on February 23 this year with As
ahi Breweries for the sale of a 19.99 percent stake or 260 million H-s
hares in Tsingtao to the latter. Anheuser-Busch InBev still keeps 91.6
4 million H-shares, or 7.01 percent stake in Tsingtao.

The official with Tsingtao Brewery noted that after the ab
ove-mentioned transaction being done recently, Tsingtao Brewery Group,
which holds 30.89 percent stake in the listed company, remains as its
largest shareholder.

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