We advised China Resources Beer on the acquisition of a controlling interest in Jinsha Winery

Davis Polk is advising China Resources Beer (Holdings) Company Limited as its international counsel on the acquisition of 55.19% of Guizhou Jinsha Jiaojiu Winery Industry Co., Ltd. from its existing shareholders, for a total consideration of RMB12.3 billion ($1.7 billion). Jinsha Winery will become a subsidiary of China Resources Beer upon completion of the transaction.

China Resources Beer is listed on the Hong Kong Stock Exchange and focuses on manufacturing, sales and distribution of beer products. It is a subsidiary of China Resources (Holdings) Company Limited, one of the largest state-owned conglomerates in China. In 2019, China Resources Beer commenced its strategic partnership with the Heineken Group, the world’s second-largest brewer. Jinsha Winery is an established Chinese baijiu manufacturer based in Guizhou, China.

The Davis Polk corporate team includes partner Yang Chu, counsel Vanessa Chan and associate Marco Cheng. All members of the Davis Polk team are based in the Hong Kong office.

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