The Ministry of Commerce of China approved the participation of AB InBev Company in the purchase of 171 million of common shares of non-public emission of Zhujiang Brewery Group.
After completion of the share issue the share of AB InBev in the share capital of Zhujiang Brewery will increase from 25% to 29,99%.
Zhujiang Brewery intends to increase the non-public offer of shares up to 4.8 billion yuan and invest them in the expansion of production. More than 250 million yuan will be invested in 4 craft beer projects: Guangxi Zhujiang Brewing, beer bead Dongguan, Zhanjiang Pearl beer and Hunan Pearl beer.
The company plans to produce a craft beer with high added value in a package of 1 or 5 litres. It is expected that the internal rate of return of the project will amount to 15.13% and the payback period will be 2 years.
Recently the company has received a permission from the municipality of Guangzhou to update the brewery. Zhujiang Brewery intends to turn the old factory and 69.1 sq. m of its territory into the center of the brewing culture and tourism. Investment in the cultural project will amount to 1.814 billion yuan, and the payback period will be 5 years.
In January 2016, the major shareholders of Zhujiang Brewery Group have acquired 525.2 thousand of the holding shares that is 0, 0772% of the total emission. Over the next 6 months, starting from January 13, it is expected the issue of shares at a cost of 100 million yuan that does not exceed 6 801 617 shares.