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Caixin

Moutai shareholders to sue distiller for $120m government donations

State-owned company has contributed to local infrastructure projects

A group of Kweichow Moutai shareholders plan to file a class action lawsuit over the donations, which could “hinder their interests,” one of the shareholders told Caixin.

Hundreds of shareholders at liquor-making giant Kweichow Moutai plan to file a class action lawsuit over its 800 million yuan ($122.5 million) in donations to local government infrastructure projects.

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