皇冠体育app

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Wuliangye, ABC set up finance company

By Zheng Yangpeng (chinadaily.com.cn) Updated: 2012-11-26 14:27

Wuliangye Yibin Co Ltd, the listed company of Wuliangye Group Co Ltd, announced it will partner with?Agriculture Bank of 皇冠体育app International to build a finance company.

Wuliangye Group Co Ltd is the manufacturer of Wuliangye baijiu, a household alcoholic beverage in 皇冠体育app. ABC International is the Hong Kong listed company of Agriculture Bank of 皇冠体育app, one of the four largest banks in 皇冠体育app.

The registered capital of the finance company will be 2 billion yuan ($321 million), of which 720 million yuan will come from Wuliangye Group Co Ltd.

Finance companies in 皇冠体育app are a special non-bank financial institution responsible for corporations internal financing.

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