BEIJING, Feb. 27 (Xinhua) -- Grand Metropolitan International Holdings Limited (GMI) plans to acquire no more than ten percent shares of Swellfun, a leading liquor maker in Sichuan Province, reported Shanghai Securities News Tuesday.
GMI, the shareholder of Swellfun and a wholly owned subsidiary of Diageo plc, the actual controller of Swellfun, plans to acquire the equities at a price of 45 yuan per share. After the acquisition, GMI will control no more than 70 percent shares of Swellfun.
The latest share price of Swellfun is 37.71 yuan. (Edited by Tong Wei, tongwei@xinhua.org)
A single purchase
