Green beer falls 1% not boosted by parent takeover Baotu Brand

The shares of Qingdao Brewery, which was previously held in full by the foreign-invested strategy shareholder, AB InBev, have dropped 1.13% to HK $21.95 this morning, trading 208,000 shares. The news that the parent company has raised its market share after buying a beer brand in Shandong has been boosted. Qingdao Beer Group has announced that it has funded the acquisition of Lu's Baotu Beer Sales Co., Ltd. 100% Equity and "Baotu" series of trademarks, after the acquisition will continue to retain the brand, so that the market share in Jinan will be more than 80%, further strengthen the green beer in the core base of Shandong Market advantage,　　Change the competition pattern of Shandong beer market. There are market comments that the large integration of green beer in Shandong Market, with the consolidation of stronghold, effectively resist the brand offensive strategic significance of China resources snow.　　And the parent company's ongoing acquisition has increased the expectation that quality assets will be injected into listed companies. Tsingtao Beer A-share (600600-CN) is now slightly down 0.55% to 25.8 yuan.