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Beverage stake

Zhejiang International Trust and Investment Co. has recently transferred its 75 percent stake in the Jianlibao Group - producer of popular Jianlibao soft drinks - to an unidentified company in central China, Information Times newspaper reported. Zhejiang International said it would announce the company's name soon. It purchased the stake in January for 300 million yuan (US$36.14 million). Jianlibao's revenue hit 4 billion yuan last year.


Shanghai Daily news


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