Chinese conglomerate Fosun’s Yuyuan to buy 30% stake in Jinhui Liquor for $262m

Chinese conglomerate Fosun International Limited’s subsidiary Shanghai Yuyuan Tourist Mart (Group) Co., Ltd (Yuyuan Inc) is acquiring 29.99 per cent stake in Chinese baijiu brand Jinhui Liquor for 1.8 billion yuan ($262 million), according to its filing with the Shanghai Stock Exchange.