Kweichow Moutai Co Ltd (600519.SS)
HONG KONG (Reuters Breakingviews) - China’s liquor giant is raising an empty glass. Shareholders descended en masse to Kweichow Moutai’s annual general meeting. The $166 billion distiller addressed concerns about why its state-backed parent created a unit that can potentially funnel business away from the listed outfit. The candidness is welcome but not enough to avoid a governance hangover.
BEIJING, March 28 Chinese luxury liquor maker Kweichow Moutai Co posted a 30 percent rise in its 2018 profit thanks to solid demand for the country's most reputable premium spirit.