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Tsingtao Brewery Parent to Buy Up to 300 Million Yuan in Shares

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Tsingtao Brewery (SHA:600600) controlling shareholder Tsingtao Brewery Group and its concerted parties plan to acquire 150 million yuan to 300 million yuan worth of the brewer's A-shares and H-shares over the next six months.

The group, which holds a 29.76% stake, and its affiliates together control 32.51% of the brewer, according to a weekend filing with the Shenzhen bourse.

The share purchases, to be executed via open-market transactions, will not change the controlling shareholder structure.

Shares of Tsingtao Brewery rose 1% in recent trade.

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