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| Tuesday, December 02, 2008 00:21:33 |
Rice wine brewer eyes IPO
Kuaijishan Shaoxing Wine Co plans to raise RMB200 million (US$26.46 million) through a listing on the Shanghai Stock Exchange as early as next year, the Shanghai Securities News reported. The brewer, which has the capacity to produce 120,000 tons of self-branded rice wine (a traditional and popular liquor in eastern China) a year, hired Guosen Securities Co to underwrite the IPO. The wine maker said its annual sales have been growing 20% ...
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