Fosun brews HK$2.5bn Tsingtao share sale

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By Jonathan Breen
01 Sep 2020

Fosun International has pocketed HK$2.45bn ($316.3m) after selling a chunk of Tsingtao Brewery's stock in a block trade, according to a source familiar with the matter.

The vendor, a Chinese conglomerate, turned up on Monday evening to sell 36m of its H-shares in Tsingtao, equal to 5.5% of the brewery's Hong Kong-listed shares. The brewery, which markets its products in China and globally under the brand Tsingtao Beer, has seen its stock price jump ...

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