Diageo, has launched Chinese white spirit brand, Shui Jing Fang, onto the UK domestic market.

Diageo has announced the completion of the mandatory tender offer for the outstanding shares in Chinese white spirits company, Sichuan Shuijingfang

China: Diageo has been given the go-ahead to make an offer for the remaining shares of ShuiJingFang. The maximum offer stands at GBP630m.

Chinese regulators have approved Diageo’s acquisition of an additional 4% stake in Sichuan Chengdu Quanxing Group (Quanxing) from Chengdu Yingsheng Investment Holding Co (Yingsheng).

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Nick Strangeway

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