Tsingtao Brewery Company Limited cancelled the acquisition of Shandong Jimo Yellow Wine Factory Company Limited from Hiking Group Co., Ltd. and Shandong Shantex I.& E. Co., Ltd.
Tsingtao Brewery Company Limited (SEHK:168) entered into the Transfer Agreement to acquire Shandong Jimo Yellow Wine Factory Company Limited from Hiking Group Co., Ltd. and Shandong Shantex I.& E. (Group) Co., Ltd. for approximately CNY 670 million on May 7, 2025. A cash consideration of CNY 665 million will be paid by Tsingtao Brewery Company Limited.
For the period ending December 31, 2024, Shandong Jimo Yellow Wine Factory Company Limited reported total revenue of CNY 166.41 million and net income of CNY 30.47 million. As of December 31, 2024, Shandong Jimo Yellow Wine Factory Company Limited reported total assets of CNY 908.1 million and total common equity of CNY 203.04 million.
Tsingtao Brewery Company Limited (SEHK:168) cancelled the acquisition of Shandong Jimo Yellow Wine Factory Company Limited from Hiking Group Co., Ltd. and Shandong Shantex I.& E. (Group) Co., Ltd. on October 27, 2025.
Tsingtao Brewery Co Ltd is a China-based company principally engaged in production and sales of beer. The Company operates its businesses through seven segments. The Shandong Region segment engages in the production and distribution in Shandong and surrounding regions. The South China Region segment engages in the production and distribution in South China. The North China Region segment engages in the production and distribution in North China. The East China Region segment engages in the production and distribution in East China. The Southeast China Region segment engages in the production and distribution in Southeast China. The Hong Kong, Macau and Other Overseas Region segment engages in the distribution of beer in Hong Kong, Macau and other overseas regions. The Finance Company segment engages in the financial businesses of wealth management and agency collection and payment for its members. The Company mainly operates its businesses in the domestic and overseas markets.
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Tsingtao Brewery Company Limited cancelled the acquisition of Shandong Jimo Yellow Wine Factory Company Limited from Hiking Group Co., Ltd. and Shandong Shantex I.& E. Co., Ltd.
