Company News

Source:Executive Office Author:Marina Zhang 2016-09-08 10:36:51

Zhujiang Brewery’s private displacement of 4.3 billion yuan approved by China Securities Regulatory Commission

  On September 7, the application of Guangzhou Zhujiang Brewery Co. Ltd to issue

the non-public A-share was approved by China Securities Regulatory Commission.

Therefore, no more than 4.312 billion yuan will be collected from three special investors

and six strategic projects will be initiated which serves as a strong support for the

improvement of the company’s ownership structure and the thirteenth five-year plan.

  The funds will be invested in projects including beer production capacity enlargement

and relocation, craft beer production line and experience store construction, transformation

and upgrade of Zhujiang Party Pier Cultural and Creative Art Zone, modern sales network

construction and upgrade, O2O sales network construction and promotion, informationization

platform construction and brand promotion.

  Guangzhou State-owned Assets Development Co. Ltd subscribes no more than 2.5 billion yuan,

after which related parties and it will hold over shareholding ratio of 52.91%. Anheuser-Busch InBev’s

shareholding will raise to 29.99% after offering to buy no more than 1.5 billion yuan. Employee

stock ownership plan (ESOP) will purchase 62.5289 million yuan. 

  As an important measure of state-owned enterprise reforms, the private placement reflects

Zhujiang Brewery’s quick response to opinions on deepening the reform of state assets by

Guangzhou Municipal People’s Government through active moves in enhancing the

complementary advantages of state assets and market capitals. It also demonstrates

strong supports and confidence of Guangzhou Municipal People’s Government for

  Zhujiang Brewery’s future. Through in-depth cooperation with ABInBev, Zhujiang Brewery

will depend on its technical advantages, learn its rich experiences on transnational and

trans-regional management and sales network. ESOP is adopted so that reasonable

motivation and restriction mechanism can be established to boost internal growth

impetus, allowing employees to share the fruits and responsibility of the company.