Treasury Wine Estates acquires 75% stake in Ningxia Stone & Moon Winery for A$ 27.5 million
SYDNEY: Treasury Wine Estates Limited (ASX:TWE) has announced a strategic move to expand its presence in China by acquiring a 75% stake in Ningxia Stone & Moon Winery Co. Ltd (“Stone and Moon”) for RMB 130 million (approximately A$27.5 million)….