The Kweichow Moutai Group Co Ltd, which produces China’s national liquor Moutai, hasinvested 1.07 billion ($169 million) in Guiyang Longdongbao Airport Co Ltd insouthwestern China’s Guizhou Province, becoming the holder of the second largestnumber of shares in the company, Shanghai Securities News reported on Tuesday.
Moutai is betting that the country’s aviation industry will expand.
A series of policies was recently issued by the central government to stimulate thedevelopment of Guizhou’s civil aviation industry and to carry out a plan to make Chinaa stronger player in the civil aviation industry.
Moutai’s investment is considered to be an important part in the company’s “100-billionMoutai” project, which is to bring the company 100 billion yuan in revenue by 2020.
Flight School
Besides the aviation industry, Moutai has invested in the real estate industry and otherindustries.
Aviation Colleges
With its diversified investment, Moutai is also seeking to profit from sales of its liquor,its chief product.
The company recently announced plans to raise the prices of some its products by 20to 30 percent on average, starting in September.
This marks the first time that Moutai has raised its prices in more than one and a halfyears, Security Times reported on Tuesday.
Fat Chance: Diet Coke Fights Obesity?
For related articles and more information, please visit OCA's Food Safety page and our Millions Against Monsanto page.
Overweight 6-Year-Old Vows To Change Lifestyle After Second Heart Attack
HOUSTON—Describing his second heart failure in the span of two years as “a real wake up call,” obese 6-year-old Nicholas Bleyer announced Tuesday that he was finally trying to turn his life around.
Obesity rates rise in county schools
By the time students in Forsyth County reach high school, more than 40 percent of them are overweight or obese, according to a BMI study released by Winston-Salem/Forsyth County Schools.
