China’s love affair with wine stretches back millennia, though its modern-day relationship with the grape beverage began in 1980 when a farsighted Tianjin local government struck an investment deal with a French winemaker. The result was Dynasty Fine Wines, now one of the top three wine producers in China.
The HK$1 million $129,000 investment from Rémy Martin Rémy Cointreau remains a 27% shareholder has helped to create a company whose market capitalisation has grown to over HK$4 billion since its IPO on the Hong Kong Stock Exchange in 2005. Dynasty Fine Wines has now evolved from a pure manufacturer into a retailer and exporter, also signing reciprocal distribution agreements with overseas...
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