Tag: Capital Group

Chinese Liquor Giant’s Stock Falls as Free Handover of Shares to Local Government Draws Scrutiny

Stock prices for Chinese liquor brand Kweichow Moutai have fluctuated for four consecutive trading days, causing losses to its 100,000 shareholders. Meanwhile, Moutai and other liquor giants have recently given a large amount of their stock shares to local governments that are heavily in debt. These transactions have attracted attention from Chinese media outlets. Kweichow…


Chinese Liquor Giant’s Stock Price Plummets After Free Handover of Shares to Local Government

Stock prices for Chinese liquor brand Kweichow Moutai have fluctuated for four consecutive trading days, causing losses to its 100,000 shareholders. Meanwhile, Moutai and other liquor giants have recently given a large amount of their stock shares to local governments that are heavily in debt. These transactions have attracted attention from Chinese media outlets. Kweichow…