13 August, 2003

“China's leading brewer, Tsingtao Brewery Co., has agreed to acquire a 45% stake in Hunan Debier Brewery Co., a Sino-Malaysian joint venture, from the Hunan beer company, Changsha Brewery, for CNY108m (US$13m),” Agence France-Press reported in a statement. According to the statement the remaining 55% in Hunan Debier is owned by the Malaysian Lion Group, with numerous brewing interests in China.

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