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Technology Stocks : PCW - Pacific Century CyberWorks Limited

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To: pennywise who started this subject	6/26/2001 2:08:10 AM
From: ms.smartest.person	Read Replies (1) of 2248

[OT] Tsingtao Brewery Earmarks 240 Mln Yuan for More Acquisitions: SCMP Jun 26, 2001 - 08:38:44 HKT Quamnet News Service Tsingtao Brewery Co. (0168), China's best-known beer maker abroad, has set aside 240 million yuan (HK$224.8 million) for further acquisitions this year, the South China Morning Post reported, citing company secretary Yuan Lu. Meanwhile, Tsingtao vice-chairman Peng Zuo-yi said the acquisition targets would be in the capital cities of every province. The expansion plans are in response to the growing market share of China Resources Beer Group, which produced 1.2 million tonnes last year, compared with Tsingtao's 1.86 million and Beijing Yanjing Brewery Group's 1.41 million, the paper said.

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