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The parent of luxury liquor-maker Kweichow Moutai agrees to turn over 82% of its Xijiu subsidiary to the provincial government

Moutai Group has agreed to transfer part of its stake in the mainland’s most valuable listed company to an investment vehicle owned by the heavily indebted government of its home province of Guizhou

Gifts are not the first time the state-owned distiller has given handouts to localities, ailing government-owned peers

State-owned parent of China’s most valuable listed company plans to use proceeds to help fellow Guizhou SOE repay its debts and replenish its capital

One of country’s poorest provinces transfers $8.1 billion of Kweichow Moutai shares to local investment vehicle to bolster confidence in bonds