Taking over companies, you do have to spend money … But our debt burden is just 53% … so we still have some maneuvering space.
Plus, we have good credit with the banks, and the interest rate on loans is very low.
So we can do more investment … If you don’t have a certain market share, if you aren’t of a certain scale, you can’t talk about having overall competitiveness.
One of the company’s most publicized acquisitions was it purchase in mid-2000 for US$18.1 million of a75 percent stake in a Shanghai brewery owned by Denmark’s Carlberg.