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Investment pours in for airport firm
By Richard Fu |
September 4, 2012, Tuesday
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Print Edition
Print Edition
CHINA Kweichow Moutai Distillery Co, a leading Chinese baijiu or white spirit producer, will invest 1.07 billion yuan (US$168.7 million) to become the second-largest shareholder in a new airport company in its home-turf, Guizhou Province.
Guizhou Airports Group Co will take a controlling 50.2 percent stake in the new venture by contributing assets worth 1.83 billion yuan, while China Kweichow Moutai will own 29.72 percent by contributing cash, China National Radio reported yesterday. Six other companies in Guizhou will own the rest. The new company will be responsible for airport operation and development in the southwestern province.
Guizhou Airports Group Co will take a controlling 50.2 percent stake in the new venture by contributing assets worth 1.83 billion yuan, while China Kweichow Moutai will own 29.72 percent by contributing cash, China National Radio reported yesterday. Six other companies in Guizhou will own the rest. The new company will be responsible for airport operation and development in the southwestern province.
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