Baijiu Maker Takes 100 Mln Yuan Shot as Funds Stolen from Subsidiary

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(Beijing) – A leading distiller of the country's most popular spirit says some 100 million yuan was stolen from a subsidiary's bank account last month.

"The exact amount of loss is uncertain yet as the police are conducting an investigation," Jiugui Liquor Co. Ltd. said on January 27.

The announcement from the maker of baijiu, a throat-scorching grain alcohol, warns investors about potential losses.