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在线翻译:
szdaily -> Markets -> 
Moutai plans IPOs for three businesses
    2017-12-18  08:53    Shenzhen Daily

CHINA Kweichow Moutai Distillery Group is planning initial public offerings (IPOs) for three businesses by 2020 as the world’s most valuable spirits company expands beyond its core liquor operations.

The group is working to list its e-commerce business in Shenzhen next year, chairman Yuan Renguo said Friday. Moutai also plans to float its agricultural arm and an operation making a less-expensive version of its signature baijiu liquor called Xijiu, he said.

At the same time, the group is continuing to push ahead into financial services. The new listings will boost Moutai’s brand image as it seeks to build “an international liquor investment group,” Yuan said.

Moutai got about 5 percent of its revenue from outside China in 2016. The group is seeking new drivers of growth and has seen the market capitalization for its Shanghai-listed Kweichow Moutai Co. triple to more than US$125 billion, surpassing Diageo Plc.’s valuation.

Moutai’s stock has soared as its fiery grain liquor, traditionally the toast of choice among China’s elite, has found widespread popularity among the nation’s middle class as they embrace a more affluent lifestyle.

Xijiu will be listed on the China Europe International Exchange (CEINEX), said Yuan. The CEINEX is a Frankfurt exchange set up by the Deutsche Boerse, the Shanghai Stock Exchange and the China Financial Futures Exchange for China-related stocks.

Xijiu was founded in 1952 and became a Moutai subsidiary in 1998. It had total asset of 3.5 billion yuan (US$530 million) in 2016, and its production capacity is more than 30,000 tons.

The e-commerce business, which was registered in 2014, is the only online seller of all of Moutai’s liquor products including baijiu and wine.

The agriculture company, which mainly produces blueberry-related products including juices, was registered in 2015. (SD-Agencies)

 

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