The reorganization plan for Xinjiang Hops has been approved by regulatory agencies, the company announced yesterday. The Beijing Times reports that the company, which currently trades under starred special treatment due to successive losses, will receive a large asset injection under the reorg plan. The controlling shareholder of the reorganized company, Xinjiang Lanjian Jiaiang Investment Company, will trade its 50% interest in Wusu Brewery and 180 million yuan (US$22.2 million) in cash and assets in return for circulating stock in Xinjiang Hops. Wusu is the largest brewery in Xinjiang by capacity; by placing it under the listed company, Xinjiang Hops should see improved performance. Previously, the Shenzhen and Shanghai exchanges released names of those companies approved for stock reform on Mondays; Xinjiang Hops is the first exception. *ST Xinjiang Hops: 600090.SH Link: http://bjt.net.cn/news.asp?newsid=128967