China Financial News Headlines

Bribery of Maotai General Manager: Growth Speed slows down
In the third quarter, the performance growth of Guizhou Maotai slowed down: from January to September, sales revenue was 6486 million Yuan, which increased 45% compared with the same period last year. The sales volume of company in third quarter was 1867 million Yuan, but it only increased 2% compared with the sale period last year. Therefore, the growth has obviously slowed down.

Original Maotai general manager admit to have 12 million yuan bribery
On October 28, 2008, the former general manager of the Guizhou Moutai Co., Ltd. Qiao Hong was charged with bribery and huge unidentified property. It was finally held a court in Guizhou Province. Qiao Hong confessed to accept over 12 million Yuan bribery.

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