PROJECT

Projects

Environmental Review Summary

Project Number

23745

Company Name

Yantai Changyu Group Co., Ltd.

Date ERS Disclosed

Mar 25, 2005

Country

China

Region

East Asia and the Pacific

Environmental Category

B - Limited

Status

Active

Previous Events

Approved : Apr 26, 2005
Signed : May 18, 2005
Invested : Jul 29, 2005

Sector

Wineries

Industry

other

Department

Regional Industry - MAS Asia & Pac

Project Description

Yantai Changyu Group Company Limited (the Group) is a holding company mainly controlling a 53.8% stake in Yantai Changyu Pioneer Wine Company Limited (Changyu or the company), a Shenzhen-listed company involved in the production and distribution of wine, sparkling wine and brandy. Changyu is the oldest and the largest wine producers in China, with cumulative output of 80,000 tons per annum of total products and a domestic market share of approximately 20%. The Yantai City People’s Government State Assets Supervision and Administration Commission (Yantai Government) of Shandong Province currently controls 55% of the Group and intends to sell 43% of its stake to foreign investors. The proposed IFC investment is to purchase part of the stake in the Group.

Environmental and Social

Conclusion & Monitoring

Environmental and Social Documentation

File Name Actions
Updated EAP.pdf