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BRIEF-Sichuan Tuopai Shede Wine to raise stake in Sichuan-based glass JV
August 11, 2017 / 4:06 AM / 3 months ago

BRIEF-Sichuan Tuopai Shede Wine to raise stake in Sichuan-based glass JV

Aug 11(Reuters) - Sichuan Tuopai Shede Wine Co Ltd

* Says co plans to invest $8.1 million into a Sichuan-based glass JV and acquire 10 percent stake in the JV from MALAYA GLASS PRODUCTS SDN. BHD. after the investment for $5.2 million

* Says co will hold 60 percent stake in the JV after investment and acquisition

Source text in Chinese: goo.gl/svbYoW

Further company coverage: (Beijing Headline News)

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