Brewery supplier lists

The largest raw materials producer for China's beer industry started the issue of 30 million A shares on the Shanghai Stock Exchange yesterday.

Xinjiang Qinggong Co, based in northwest China, hopes to raise 116.9 million yuan from the issue to fund various expansion projects. Each of the A shares, which are reserved for domestic investors - is priced at 4.05 yuan.

More than 65 million yuan of the funds raised will be used to build a hops processing project, the China Daily said. The remainder will be used in the construction of a barley production base.