Launch of partial tender offer for shares in Sichuan Shuijingfang Company Limited - 2018

11 Jul 2018 | Press release

Subsequent to the announcement made on 25 June 2018, the Board of Directors of Sichuan Shuijingfang Company Limited (“SJF”) has been notified that Diageo is launching a partial tender offer, through its wholly owned subsidiary Grand Metropolitan International Holdings Limited (“GMIHL”), to increase its aggregate equity stake in SJF from approximately 39.71% to up to a maximum of 60% (the “PTO”).

The PTO price is RMB62.00 per share and gives all shareholders (other than Diageo Highlands Holding B.V. and Sichuan Chengdu Shuijingfang Group Co., Ltd., being wholly-owned subsidiaries of Diageo) the opportunity to elect to sell some or all of their shares in SJF to GMIHL. The maximum number of shares subject to the PTO is 99,127,820 and the PTO period will run from 13 July 2018 to 11 August 2018.

The detailed PTO documents are available in the Chinese language on the website of the Shanghai Stock Exchange (

Further developments in relation to the PTO will be communicated to shareholders in due course.