CRB Proposed Acquisition of Jinsha Winery
Transaction overview
China Resources Beer (Holdings) Company Limited (the
"Company" or "CRB") proposed acquisition of 55.19%
equity interest (the "Acquisition") in Guizhou Jinsha Jiaojiu
Winery Industry Co., Ltd. ("Jinsha Winery") for a total
consideration of RMB12.3 billion. CRB will finance the
consideration by way of a combination of the Company's
internal resources and external financing
The proposed acquisition includes capital increase of
newly issued shares of 4.61% of the enlarged share capital
of Jinsha Winery at consideration of RMB1.03 billion and
purchase an aggregate of 50.58% existing shares of the
enlarged share capital of Jinsha Winery for a total
consideration of RMB11.27 billion
Jinsha Winery is a sauce-flavor baijiu producer located in
Guizhou, with a rich brand heritage, focusing on R&D,
production and sales of sauce-flavor baijiu. It has a
complete portfolio of products, including "Zhaiyao" and
"Jinsha Huisha" brands
The acquisition of a controlling stake in Jinsha Winery is a
rare opportunity and brings synergies to CRB to enlarge
business scale and improve profitability
Capital increase
China Resources
Wine Holdings
Co., Ltd.
Hubei Yihua
Group Co., Ltd.
100%
Yichang Caiyuan
Investment
Management
Co.,Ltd.
57.23%
Capital increase of 4.61% of the
enlarged share capital of
RMB1.03 billion
Shares purchase
1
China Resources
Wine Holdings
38.16%*
Co., Ltd.
2
Guizhou Jinsha
Jiaojiu Winery
Industry Co., Ltd.
*Shareholding
after capital increase
Post-transaction shareholding structure
Hubei Yihua
Group Co., Ltd.
100%
Yichang Yihua
Investment Management
Co., Ltd.
100%
Yichang Caiyuan
Investment Management
Co., Ltd.
44.81%
å€é
CR BEER
Hubei Yihua
100%
Group Co., Ltd.
Yichang Caiyuan
Investment
Management
Co.,Ltd.
57.23%
Purchase of 38.16% shares with
consideration of RMB8.50 billion
Purchase of 12.42% shares with
consideration of RMB2.77 billion
CRB
(0291.HK)
100%
China Resources Wine
Holdings Co., Ltd.
55.19%
Guizhou Jinsha Jiaojiu
Winery Industry Co., Ltd.
38.16%*
Guizhou Jinsha
Jiaojiu Winery
Industry Co., Ltd.
*Shareholding
after capital increase
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