Tsingtao Rethinks Spending But Remains In Hunt For M&As

August 2008 | Company Finance Alert

Chinese brewing behemoth Tsingtao Brewery Co has revealed that it will scale back investments in H208 as it looks to manage soaring input costs. The brewer - 27%-owned by US major Anheuser-Busch, its largest non-governmental shareholder - has also turned to price increases and cost-cutting in an effort to protect profits, although to only moderate effect as H207 earnings dropped by 18% year-on-year and as Q108 operating costs climb by

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