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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