Tag: Kweichow Moutai

Ex-head of Moutai Sentenced to Life in Prison for Taking Bribes

September 26, 2021
Asia & PacificbribeBusiness & EconomyChinaChina Business & EconomyCompaniesKweichow Moutailiquor giantWorld
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A Chinese court sentenced a former chairman of liquor manufacturing giant Kweichow Moutai to life in prison for accepting $17.5 million in bribes. Yuan Renguo, who served on the board of Kweichow Moutai, was convicted on Thursday of taking bribes between 1994 and 2018, according to a statement from a court in the southwestern Chinese…

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

January 20, 2021
BusinessCapital GroupChinaChina Business & EconomyChina SocietyChinese RegimeCompaniesgovernment debtGuizhouGujing GongjiuKweichow MoutaiLaobaiganjiuLuzhou LaojiaoMaotai baijiu
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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…

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

January 20, 2021
BusinessCapital GroupChinaChina Business & EconomyChina SocietyChinese RegimeCompaniesgovernment debtGuizhouGujing GongjiuKweichow MoutaiLaobaiganjiuLuzhou LaojiaoMaotai baijiu
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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…

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