Water Wells Square transfers All 40% shares of all Hing liquor industry

Mashi (600779. SH) has made new progress in asset sales.　　29th Night, the company announced that it would hold the Sichuan Quan Hing Liquor Co., Ltd. (hereinafter referred to as the whole Hing liquor) 40% of the equity and its related interests, transfer to the Shanghai Sugar Tobacco (Group) Co., Ltd. (hereinafter called Shanghai Sugar Tobacco and alcohol), the transfer of the total price of about 47.15 million yuan.　　Sichuan Quan Hing Wine Co., Ltd. is a water well square holding 95% of the subsidiary, engaged in the Chinese wine "full hing Daqu" and the whole Hing products production and management. March 2, 2010, the world's largest wine group Diageo Plc (Diageo) through the holding company DHHBV to the water Wells Square issued a takeover offer, the offer price of 21.45 yuan/share. Ying Sheng Investment and DHHBV originally held a large shareholder of Wells Square 51% and 49% of the total Hing Group, and DHHBV agreed to be held by the full Hing Investment holdings of the 4% equity, after the transfer of equity, DHHBV in the whole Hing Group's shareholding will rise to 53%, thereby becoming the wholly Hing Group's controlling shareholder, And through the DHHBV group indirectly control the water well square 39.71% of the shares, it means that the actual control of Diageo to complete the water wells Square acquisition. According to the catalogue of foreign investment industry guidance, the famous liquor and yellow rice wine are included in the catalogue of restricted foreign investment industry, and it is necessary for foreign investment in the production of rice wine and famous liquor to be "Chinese holding". Therefore, if Diageo's acquisition of the Wells Square is to be achieved, the wells Square must relinquish its holding position on the whole Hing liquor industry. So on March 2, Mashi first sold a 55% per cent stake in the whole Hing liquor industry to facilitate Diageo's takeover. After six months of hardship, the Ministry of Commerce's reply was still not heard.　　Wells Fang Ben again will be the whole Hing wine industry remaining 40% of the equity transfer, the acquisition further clears the barrier.　　Xiang Finance Securities said that if the government departments to approve the relevant transfer agreement, in the long run may be a good thing, because it may bring new players, new thinking mode and behavior model, so as to improve the overall level of Chinese liquor industry, but also conducive to the internationalization of Chinese liquor industry process. Diageo is the world's leading high-end wine company, with its products covering distilled wines, beers and wines, which bring together Smirnoff, Johnnie Walker, Captainmorgan, Baileys, J&b, Tanqueray, Guinness　　, Crown Royal, Beaulieu Vineyard, Sterling Vineyards Wines and Bushmills Irish and other world-renowned brands.　　Shanghai Sugar Tobacco Wine is the Bright Food group's company, the acquisition of the whole Hing Group equity, also means that the light group will further extend its business to the liquor industry. Water Wells Square financial data show that 2010 years ago three quarters of the company to achieve sales revenue of 902 million yuan, an increase of 6.8% per cent, net profit reached 117 million yuan, a year-on-year decline of 22.9%; 29th, Wells Square closed to 21.84 yuan/share, up 1.63%.