Yanjing Brewery not introducing foreign investors in 3-5 years

Beijing Yanjing Brewery (Yanjing Brewery), one of the largest beer groups in the country, has no plan to introduce any foreign investors in the near term, according to Li Fucheng, chairman of Yanjing.

Yanjing Brewery does not need an overseas investor for market development or financing needs in at least the next three to five years, said Li. However, he did not rule out the possibility of cooperating with overseas partners.

Li forecast the company's sales revenue in the first half to grow 11%, with a sales target of 4.5 million kiloliters of beer for the whole year. The company will release its interim financial report at the end of this month.

As an official sponsor of the Beijing Olympics, Yanjing Brewery has a dominant market share in Beijing.