It's related. Tsingtao Brewery's predecessor was the German beer company Qingdao Joint-stock Company founded in Qingdao in August 193 by German and British businessmen. It was the official sponsor of the 28 Beijing Olympic Games and ranked among the top 5 brands in the world.

On July 15th, 1993, Tsingtao Brewery (168) was listed on the Hong Kong Stock Exchange. On August 27th of the same year, Tsingtao Brewery (66) was listed on the Shanghai Stock Exchange, becoming the first company in China to be listed in both places.

Extended information

A brief history of Tsingtao Brewery: In June 1993, with the approval of the State Commission for Economic Restructuring, Tsingtao Brewery was the sole sponsor, and on the basis of absorbing and merging the former Sino-foreign joint venture Tsingtao Brewery No.2 Co., the Sino-foreign cooperative Tsingtao Brewery No.3 Co. and the state-owned Tsingtao Brewery No.4 Factory, Tsingtao Brewery Co., Ltd. was established, becoming one of the first nine overseas listed joint-stock pilot enterprises in China.

Tsingtao Brewery Company issued H shares in Hong Kong in June 1993 and went public on July 15th. It was the first China enterprise to be listed on the Stock Exchange of Hong Kong Limited. In August of the same year, Tsingtao Brewery Company issued A shares in China and listed on the Shanghai Stock Exchange on August 27th.

after the public offering, the total share capital of the company is 9 million shares (the par value of each share is RMB 1 yuan), of which: 399.82 million shares are state shares, accounting for 44.42% of the total share capital; The legal person shares are 53.33 million yuan, accounting for 5.93% of the total share capital; The foreign shares are 346.85 million shares of Asahi Beer, accounting for 38.54% of the total share capital; There are 1 million domestic public shares, accounting for 11.11% of the total share capital.

Baidu encyclopedia-Tsingtao Brewery Co., Ltd.

Baidu encyclopedia-Tsingtao Brewery