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4-Traders Homepage  >  Equities  >  SHANGHAI STOCK EXCHANGE  >  Sichuan Swellfun Co., Ltd.    600779   CNE000000NH4

End-of-day quote. End-of-day quote  - 09/23
16.27 CNY   +0.68%
2013 Diageo expands in China with Shuijingfang deal
2013 Diageo buys remainder of Chinese distiller
2012DJDiageo Launches Chinese White Spirit In UK
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Diageo buys remainder of Chinese distiller

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07/23/2013 | 08:23am CEST

Global drinks firm Diageo (>> Diageo plc) on Tuesday said it had received approval from Chinese authorities to become the sole shareholder in Sichuan Chengdu Shuijingfang Group Company (SJF Holdco), the owner of white spirits company ShuiJingFang (>> Sichuan Swellfun Co., Ltd.).

Global drinks firm Diageo (>> Diageo plc) on Tuesday said it had received approval from Chinese authorities to become the sole shareholder in Sichuan Chengdu Shuijingfang Group Company (SJF Holdco), the owner of white spirits company ShuiJingFang (>> Sichuan Swellfun Co., Ltd.).

Diageo said it would acquire the remaining 47 percent stake in SJF Holdco owned by its Chinese partners for 233 million pounds. As a result, SJF HoldCo will be converted from a joint venture into a wholly foreign-owned enterprise owned by Diageo.

On completion, Diageo's indirect interest in Shanghai-listed Shuijingfang, one of the best known producers of China's 'Bai Jiu' spirit, will rise to 39.71 percent from 21.05 percent, it said.

(Reporting by Rhys Jones, Editing by Brenda Goh)

Stocks treated in this article : Diageo plc, Sichuan Swellfun Co., Ltd.
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Financials ( CNY)
Sales 2016 1 086 M
EBIT 2016 231 M
Net income 2016 186 M
Debt 2016 -
Yield 2016 0,54%
P/E ratio 2016 42,83
P/E ratio 2017 29,58
Capi. / Sales 2016 7,32x
Capi. / Sales 2017 5,73x
Capitalization 7 949 M
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Sichuan Swellfun Co., Ltd. Technical Analysis Chart | 600779 | CNE000000NH4 | 4-Traders
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Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 19,0  CNY
Spread / Average Target 17%
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Managers
NameTitle
Xiang Fu Fan General Manager & Director
Shou Qi Chen Chairman
Peter Hui Chief Financial Officer & Director
Lee Peng Chow Member-Supervisory Board
Michael Christopher Flynn Chairman-Supervisory Board
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