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Kirin buys bigger stake in Chinese soft drinks maker

This article was originally published in Foodnews

JAPANESE beverage giant, Kirin Holdings, has said that it is to raise its stake in a Chinese soft drinks joint venture to 93.04% from 57.66%. Kirin will pay its partner Jinjiang International Holdings at least CNY125 million (US$18 million), in an auction, for the stake in Shanghai Jinjiang Kirin Beverage & Food.

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