Tsingtao chairman, Li Guirong, was also up beat:
This partnership unites two premier brewers in an exceptional alliance.
Anheuser-Busch will bring advanced market management skills, corporate governance, technology, funds and other resources into this alliance, which will greatly strengthen Tsingtao’s competitiveness, profitability and help Tsingtao continue its sustained and fast growth.
Tsingtao’s production bases, sales and distribution experience in the China market will also benefit Anheuser-Busch in the growing Chinese economy and beer industry.