Primega Group Announces Acquisition of China Wangmao Liquor Industry Group, Entering Premium Baijiu Market

Reuters

Aug 18

Primega Group Announces Acquisition of China Wangmao Liquor Industry Group, Entering Premium Baijiu Market

Primega Group Holdings Ltd. has announced the signing of a memorandum of understanding to acquire China Wangmao Liquor Industry Group Co. Limited through an equity purchase. This acquisition marks a significant step in Primega Group's efforts to diversify its business portfolio by entering the premium Baijiu market. The move highlights Primega's strategic planning and innovation capabilities as it aims to enhance its competitiveness in the premium consumer goods sector. The transaction is set to proceed following due diligence and the completion of necessary formalities, with plans to build a leading domestic premium sauce-flavor Baijiu brand and expand into international markets.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Primega Group Holdings Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9514046-en) on August 18, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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ID: GNW9514046-en) on August 18, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4232","symbol_name":"货物陆运","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250818:nNDL9qGMdj:1","article_id":"2560217188","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2560217188","pubTimestamp":1755523511,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Primega Group Holdings Ltd. has announced the signing of a memorandum of understanding to acquire China Wangmao Liquor Industry Group Co. 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ID: GNW9514046-en) on August 18, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}