Quanxing was founded in 195 1. After decades of efforts, it finally won the reputation of eight famous wines in China and the title of "China Time-honored Brand". During the period of 1998, Quanxing reformed the brewing workshop and found an ancient underground brewing workshop, which was well preserved.
According to the research of relevant authoritative experts, this brewing workshop ranks first among the ancient brewing workshops discovered so far and is also listed as a national key protected cultural relic.
For Yu Quanxing, on the one hand, it absorbed the ancient brewing technology and experience, on the other hand, it also took this opportunity to introduce a new wine-Fang Shuijing. With the reputation of this ancient winemaking workshop, Fang Shuijing wines sold well as soon as they went on the market. Quanxing also renamed Quanxing Shares listed on the Shanghai Stock Exchange as "Fang Shuijing".
In 2006, Diageo, an internationally renowned liquor company, took aim at the liquor industry in China, and at the same time, the group bought 43% equity of Quanxing Group held by Chengdu Yingsheng Investment at a price of 5170,000 yuan. In fact, this is just one of its means to acquire Quanxing Group. However, according to relevant domestic laws, China's famous wines are only allowed to be controlled by the Chinese side, not by foreign investors.
Therefore, for Quanxing Group, at that time, it not only owned 39.75438+0% equity of Fang Shuijing, but also owned Quanxing Daqu liquor. Therefore, Quanxing Group split the two wine trademarks, but for Diageo, it bypassed the regulations and turned to Fang Shuijing as the holding company. Until 20 1 1, Shanghai Sugar Industry Tobacco and Alcohol Co., Ltd. occupied 67% of the shares of Quanxing Group.
Therefore, there is a relative right to use Quanxing Daqu, and Fang Shuijing and Quanxing Daqu have also gone in two different directions. Fang Shuijing has become foreign capital, which is on the high side; Quanxing Daqu is still active in the domestic mid-end market.
But in any case, the history and wine culture contained in Quanxing River Fang Shuijing will not change. Although they have become two companies, they are still the major players in China liquor industry and continue to contribute to the whole industry.
Extended data:
The Relationship between Diageo s Acquisition of Fang Shuijing and Quanxing Group;
Diageo's acquisition of the other crystal has received special attention from the industry. 20 12 On March 20th, Diageo, the foreign shareholder of Quanxing Group, the largest shareholder, received a written notice, and Diageo's report on Fang Shuijing's share offer plan was passed.
Approved by China Securities Regulatory Commission. Diageo will immediately fulfill the obligation of comprehensive tender offer after receiving the letter of no objection from China Securities Regulatory Commission.
Fang Shuijing issued a tender offer report, and DHHBV (indirect holding company of Diageo Group) officially issued a comprehensive tender offer to shareholders except Quanxing Group. In the future, if the shareholding of public shareholders is less than 10% of Fang Shuijing's total share capital, the liquor company listed in Shanghai may terminate its listing.
Diageo's tender offer price is still 2 1.45 yuan/share, 295 million shares, and the maximum capital required for the acquisition is 63180,000 yuan.
Fang Shuijing's performance in the third quarter was poor, which was lower than the market expectation.
According to the Report on Investment Analysis and Prospect Forecast of China Liquor Market in 20 10-20 15 released by CIC consultants, Fang Shuijing achieved an operating income of 902 million yuan from 20 10 to September, up by 6.79% year-on-year, with an operating profit of 20 100,000 yuan.
On July 20 13, Diageo acquired the remaining 47% shares of Fang Shuijing. With the approval of the competent authorities, the enterprise nature of Fang Shuijing Group was changed from a Sino-foreign joint venture to a wholly foreign-owned company owned by Diageo.
After the acquisition is completed, Diageo's equity in Sichuan Fang Shuijing Co., Ltd., a listed company indirectly held through Fang Shuijing Group, will increase from 265,438+0.05% to 39.765,438+0%. The total consideration for the acquisition of 47% equity of Fang Shuijing Group is about 233 million.
Baidu Encyclopedia-Fang Shuijing