HONG KONG, Dec 21 (Reuters) - The Hong Kong shares of Tsingtao Brewery Co Ltd are set to open down 6 percent on Thursday after a major Japanese shareholder reached deal to sell its entire stake in China’s second-largest brewer.
The stock is set to open at HK$37.60, the lowest opening since Dec 14. That compared with a 0.1 percent fall in the benchmark index.
Chinese conglomerate Fosun International Ltd is set to take a large chunk of Tsingtao after Asahi Group Holdings Ltd said it would sell its 19.9 percent stake for 106 billion yen ($937 million).
The sale price of HK$27.22 per share represented a 32 percent discount to Tsingtao’s last Hong Kong closing price of HK$40 on Wednesday.
Shares of Fosun are set to open up 1.9 percent.
Reporting by Donny Kwok