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Diageo To Boost Shuijingfang Stake In $358M Deal

July 23, 2013

"This is a milestone in the journey we began with our partners six years ago," said Diageo Asia Pacific president Gilbert Ghostine. "As the controlling shareholder in Shuijingfang, Diageo will continue to work with the senior Chinese management to build Shuijingfang into the leading international baijiu brand."