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Wednesday, January 12, 2011

FT this week...

9:15 PM

Beer shake-up
Robert Cookson in Hong Kong / Published: January 11 2011 18:49 | Last updated: January 11 2011 18:49

Tsingtao Brewery, China’s biggest beer company, is seeking shareholder approval to dismiss its foreign auditors and rely solely on mainland Chinese auditors and accounting standards to prepare its financial statements. The move would make it the first Chinese group listed in Hong Kong to stop using the territory’s auditors and accounting standards.


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