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