Date
17 October 2017

CBRC clears Yanjing Brewery plan for financial JV, paper says

Beijing Yanjing Brewery (000729.CN) said late Thursday that it has been notified by its parent company Beijing Enterprises Group Co. Ltd. that the China Banking Regulatory Commission (CBRC) has cleared the plan of Yanjing Brewery to set up a financial firm in partnership with Beijing Gas Group Co. Ltd. and Beijing Enterprises Group, the China Securities Journal reported Thursday. Yanjing Brewery will inject 160 million yuan (US$26.26 million) into the new company, accounting for 20 percent of its registered capital, the report said.

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