Recent events
Recent events tied to this brand in public sources.
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2026
Jinshiyuan commits to no layoffs and no pay cuts while tightening internal performance assessments
In a recently published investor reception record, Chinese baijiu maker Jinshiyuan's management said the company has made this year its 'performance first year', rolling out simulated market accounting that assesses profit contribution at office level and above, cutting spending that does not generate returns and strictly controlling marketing expenses. Management stated the company insists on no layoffs and no salary cuts, but internal assessment enforcement will be stricter.
2020
Jiangsu King's Luck terminates planned acquisition of Jingzhi Liquor
Jiangsu King's Luck and the other parties to its industrial M&A fund agreed to terminate the planned acquisition of shares in Jingzhi Liquor. The company cited changes in industry competition and the target's operating situation, as well as changes in liquor-market valuations.
2019
Jinshiyuan proposes an acquisition route through an industrial M&A fund
Jinshiyuan proposed using an investment in an industrial M&A fund as an indirect route to acquire Jingzhi Liquor. The company said whether it would acquire shares held by the fund, and whether an acquisition would succeed, remained uncertain.
2019
Jinshiyuan commits RMB 245 million to Jingzhi acquisition fund
Jinshiyuan's board decided to participate in establishing an industrial M&A fund for acquiring shares in Jingzhi Liquor, with the company contributing RMB 245 million from its own funds. The fund was still being prepared and had not completed registration and filing as of the article's stated date.
2019
Jinshiyuan abandons direct purchase of Jingzhi Liquor's major shareholder stake
Jinshiyuan's board decided not to directly acquire shares in Jingzhi Liquor held by its existing major shareholder after the parties failed to agree on the acquisition proportion and other terms. Jinshiyuan said it would pursue the project through an industrial M&A fund instead.
2019
Jiangsu King's Luck announces fund to acquire Jingzhi Liquor shares
Jiangsu King's Luck announced that it would contribute RMB 245 million to establish an industrial acquisition fund intended to acquire shares in Jingzhi Liquor, and authorized up to RMB 600 million in entrusted loans to Jingzhi Liquor during the strategic acquisition effort. The fund was expected to become Jingzhi Liquor's largest shareholder if the acquisition proceeded successfully.