Fosuns entry into Tsingtao beer can be traced back to three years ago. On December 20, 2017, Qingdao Brewery announced that Asahi Group Holding Co., Ltd., the shareholder of the company, had signed share purchase agreements with five entities under Fosun International Co., Ltd. to transfer 243 million H shares (about 17.99% of the total share capital) of the company to Fosun Group.
Through the above transaction, Fosun Group became the second largest shareholder of Qingdao beer. According to the announcement at that time, Fosun Group paid HK $6.617 billion (equivalent to RMB 5.54 billion) to acquire the equity of Qingdao beer held by Asahi company, equivalent to about HK $27.22 per H share.
As for the acquisition, Guo Guangchang once said, by grafting Qingdao Beers brand and products with Fosuns efficient operation mode and global happy ecosystem, we have confidence in the future prospects of Tsingtao beer. We believe that Tsingtao beer will lead the trend of beer consumption upgrading, serve the consumers pursuit of quality life and better life, so as to realize the brand value and the market The market share continues to grow.
When entering Tsingtao beer, Guo Guangchang also published an article the story of Tsingtao beer and I, which told a moving story. However, by 2019, Guo Guangchang began to reduce his holdings.
According to the announcement, on May 8, 2019, China moment investment (BVI) Limited, a subsidiary of Fosun Group, reduced its H shares of Tsingtao beer for the first time through centralized bidding. At that time, the number of shares to be reduced was 380000 shares, with an average price of HK $50.43. Subsequently, Fosun Groups companies successively reduced their H shares of Tsingtao beer from August 2019 to November 2019.
According to the data, from May 8, 2019 to November 17, 2020, Fosun Group reduced its holdings of H shares of Tsingtao Brewery by means of centralized bidding and block trading, with a reduction ratio of about 5%. Up to now, Fosun Group has 175 million H shares of Qingdao beer, accounting for 12.84% of the total issued shares of the company. Interestingly, the equity change report disclosed by Tsingtao Brewery on November 21, 2020 shows that for the purpose of reducing holdings, Fosun Industrial Holding Co., Ltd., the information disclosure obligor, said that the reduction was due to the normal investment and withdrawal arrangement. At the same time, it said that as of the signing date of the report, there is no plan to further increase or reduce the shares of the listed company; in case of any change in equity, the information disclosure obligation will be timely performed in strict accordance with the relevant laws and regulations. Source: Securities Times editor in charge: Yang Bin_ NF4368