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<ul><li>The parent of luxury liquor-maker Kweichow Moutai has agreed to hand over most of its stake in a wholly owned liquor-making subsidiary to a local government agency</li><li>The deal will allow China Kweichow Moutai Winery Group Co. Ltd. (Moutai Group) to revive a plan to spin off the subsidiary</li><li>The deal will allow the provincial State-owned Assets Supervision and Administration Commission (SASAC) in Southwest China’s Guizhou to control 82% of Kweichow Moutai Winery (Group) Xijiu Co. Ltd. at no cost</li></ul>

The parent of luxury liquor-maker Kweichow Moutai has agreed to hand over most of its stake in a wholly owned liquor-making subsidiary to a local government agencyThe deal will allow China Kweichow Moutai Winery Group Co. Ltd. (Moutai Group) to revive a plan to spin off the subsidiaryThe deal will allow the provincial State-owned Assets Supervision and Administration Commission (SASAC) in Southwest China’s Guizhou to control 82% of Kweichow Moutai Winery (Group) Xijiu Co. Ltd. at no cost

Moutai Group Relinquishes Control of Unit, Removing Hurdle to IPO