Dec 12, 2020 07:52 PM (GMT+8) · EqualOcean
Chongqing Brewery announced that the major asset purchase and joint venture and related transaction jointly promoted by Carlsberg group and Carlsberg group have been completed, and Carlsberg's commitment to solve potential horizontal competition has been fulfilled. Through the transaction, Chongqing beer core market will expand from Chongqing, Sichuan and Hunan to Xinjiang, Ningxia, Yunnan, Guangdong, East China and other parts of the country, realizing the national layout. Based on the test preparation report, the total assets of Chongqing beer will increase from 3.639 billion yuan to 10.898 billion yuan (as of April 30, 2020).