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DYNASTY WINES (00828.HK): The controlling Shareholder Tianjin Food plans to increase its shareholding in the company.
On December 23, Glonghui reported that DYNASTY WINES (00828.HK) announced that the Board of Directors was informed by the company's controlling shareholder Tianjin Food Group Co., Ltd. ("Tianjin Food") that Tianjin Food plans to increase its shareholding in the company. The Board of Directors has been informed that to carry out the purchase, Tianjin Food will use its own funds through its wholly-owned subsidiary in the open market, with a total amount not exceeding Tianjin Food (and its concerted parties, as defined in the Hong Kong Code on Takeovers and Mergers, including its ultimate and intermediate holding companies and affiliated companies).
Express News | Dynasty Fine Wines - Controlling Shareholder of Company Plans to Increase Its Shareholding in Co
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DYNASTY WINES (00828.HK) established a joint venture in Jiangsu to produce and sell Huangjiu (Chinese Liquor) and Chenpi liquor.
Gelonghui, December 18th丨DYNASTY WINES (00828.HK) announced that on December 18, 2024, the company's wholly-owned subsidiary DYNASTY WINES will enter into a joint venture cooperation agreement with Jiu Zhong Xian to establish a joint venture company in China to produce and sell Huangjiu(Chinese Liquor) and Chenpi liquor in Dongtai City, Jiangsu Province, subject to the conditions specified in the joint venture agreement. After the establishment of the joint venture company, it will be 51.02% owned by DYNASTY WINES and will be recorded as a subsidiary of the group, with its financial performance consolidated into the group's consolidated financial statements. The establishment of the joint venture company can leverage the respective professional advantages of the group and Jiu Zhong Xian to achieve new liquor.
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