Moutai Group: It is planned to transfer 82 % equity to the Guizhou Provincial State -owned Assets Supervision and Administration Commission to hold 82 % equity

[Dahecai Cube News] On July 12, Guizhou Moutai Winery Group in China issued an announcement that 82%of the equity of the Guizhou Moutai Winery (Group) Xiwan Co., Ltd.The committee holds the responsibilities of the provincial SASAC.

The announcement shows that as of December 31, 2021, the net assets of Xijiu Company were 11.416 billion yuan, accounting for about 4.85 % of the net assets of Moutai Group.

Moutai Group said that the equity transfer will not adversely affect the company's daily management, production and operation and debt repayment capacity.

Responsible editor: Shi Jian | Audit: Li Zhen | Director: Wan Junwei

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