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ARTICLE | Company News

Tongjitang, Guiyang Liquor Factory deal

February 8, 2010 8:00 AM UTC

Tongjitang will form a JV with an undisclosed third party to acquire Guiyang for RMB120.6 million ($17.7 million) in cash. Tongjitang will own 95% of the JV. Guiyang markets three Chinese liquors to t...