A CHINESE investment group has bought a majority stake in Coonawarra winery Hollick Wines. Founders Ian and Wendy Hollick said they had sold a controlling interest in the winery they started in 1983 to Hong Kong Yingda Investment Co. The investment follows other Chinese wine deals in recent years such as Gemtree Vineyards’ joint venture
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ONE of China’s oldest state-owned liquor producers, Luzhou Laojiao, has bought a multimillion dollar stake in McLaren Vale’s Shottesbrooke Vineyards. The equity and investment deal will see China’s third-biggest bai jiu producer responding to changing sensibilities in its home market after more than 400 years in business. Bai jui is an alcoholic drink made from
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