Deals
China Fiery Liquor Maker Moutai Eyes Three IPOs by 2020
- E-commerce listing planned 2018, then agriculture, Xijiu units
- Moutai to continue push into financial services, chairman says
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China Kweichow Moutai Distillery Group is planning initial public offerings for three businesses by 2020 as the world’s most valuable spirits company expands beyond its core liquor operations.
The Chinese company is working to list its e-commerce business in Shenzhen next year, Chairman Yuan Renguo said Friday. Moutai also plans to float its agricultural arm and an operation making a less-expensive version of its signature baijiu liquor called Xijiu, he said. At the same time, the group is continuing to push ahead into financial services.