Swellfun to Sell 40% Stake in Liquor Maker for $7 Million to Bright Food

Source: Bloomberg

Sichuan Swellfun Co. said it has agreed to sell a 40 percent stake in the company that produces Quanxing Daqu liquor to Bright Food Group Co. for 47.15 million yuan ($7 million) , according to a statement to Shanghai’s stock exchange.