Additionally, Kokubu & Co Ltd has signed an agreement to acquire a 10% share in the company.
ASC conducts business from regional offices in 12 major Chinese cities, including Beijing, Shanghai, Shenzhen, Chengdu and Hong Kong, as one of the largest wine importers and distributors in China, with fast-growing sales.
The company imports and sells a broad international portfolio, including fine Bordeaux from France, selections from Australia’s Penfolds Wines, Freixenet sparkling wines from Spain, and many others (as well as luxury glassware).
Acquisition of ASC enables greater expansion into the surging domestic wine market and secures Suntory distribution channels in China, paving the way for further local business growth.
Source: Suntory
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