ST TIBET DEVELOPMENT plans to acquire another 50% equity of Lhasa Beer. The relevant plans and terms still need to be verified and negotiated
ST TIBET DEVELOPMENT plans to acquire 50% equity of Tibet Lhasa Beer Co., Ltd. held by Carlsberg in cash. Both parties have reached a preliminary consensus on the terms of the equity transfer, but no legally binding agreement has been signed yet. The transaction plan and terms still require further verification and negotiation
According to the Zhitong Finance APP, ST TIBET DEVELOPMENT (000752.SZ) announced that the company plans to acquire the remaining 50% equity of Tibet Lhasa Beer Co., Ltd. ("Lhasa Beer") held by Carlsberg International Limited ("Carlsberg") through cash payment. Currently, the two parties have only reached a preliminary consensus and signed the "List of Terms for the Transfer of 50% Equity of Tibet Lhasa Beer Co., Ltd." and have not signed any other legally binding agreements or documents, including "Letter of Intent" and "Equity Transfer Agreement." The transaction plan and terms still require further verification and negotiation
