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Bright Food’s Quest for Overseas Growth May Focus on Wine

Bright Food Group Co. Chairman Wang Zongnan aims to raise the share of overseas sales at Shanghai’s biggest food and dairy producer sixfold. After failing to buy yogurt and sugar companies, Wang may now turn to wine.

Bright Food is considering a bid for Treasury Wine Estates Ltd., two people familiar with the matter said on July 1. Treasury Wine, the world’s second-biggest wine business, rose by a record in Sydney trading yesterday.