Nov 30 - Lenovo Group Ltd. Acquires a 87% Stake in Chengde Qianlong Zuijiu

Source: Sina Finance, Chongqing Economic Times

+ On Nov. 29, Lenovo Group Ltd. announced the acquisition of a 87% stake in Chengde Qianlongzui Distillery Co., Ltd.

+ Qianlongzui Distillery, a leading Chinese liquor producer in Hebei province, made sales revenue of RMB 1 billion and profits of RMB 200 million in 2010.

+ The price of high-end Chinese liquor such as Luzhou Laojiu, Maotai, and Wuliangye have all been hiked up this year; the suggested retail price of “Guojiao 1573”, a series of liquor produced by Luzhou Laojiu, was increased to RMB 1,389 per bottle last week.

+ Related Data: Revenue, Gross Margin of Wine Companies

+ Related Companies: Kweichow Moutai (SSE:600519), Lu Zhou Lao Jiao (SZSE:000568), Sichuan Swellfun (SSE:600779), Wuliangye Yibin (SZSE:000858), Shanxi Xinghuacun Fen Wine (SSE:600809), Jiangsu Yanghe Brewery (SZSE:002304)

The profitability of Chinese liquor companies have been high for the latest years.

For more data about Chinese liquor industry and companies, please visit www.chinascopefinancial.com

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