Chongqing Brewery (600132.SH) announced on March 4 that the company’s shareholder Carlsberg Brewery Hong Kong Limited will further buy in with 147 million shares at the price of 20 yuan per share, accounting for 30.29 percent of company’s total equity.

It was estimated that Carlsberg would pay 2.932 billion yuan in this deal and at the moment, Carlsberg (HK) has put dollars equivalent to 586 million yuan into the designated account.

Chongqing Brewery Group, thelargest current shareholder of Chongqing Brewery, will sell all of its 20 percent stock equity in this deal and Carlsberg Foundation will hold nearly 60 percent of Chongqing Brewery after the acquisition.

In fact, Carlsberg (HK) spent 2.385 billion yuan in 2010 buying 12.25 percent of Chongqing Brewery. Meanwhile, Carlsberg Foundation indirectly held 29.71 percent of Chongqing Brewery with control over Carlsberg (Chongqing) and Carlsberg (HK).

Carlsberg has expressed confidence in the Chinese beer market and hopes to further increase the number of shares in Chongqing Brewery as a strategic investment in order to deepen the bilateral cooperation.

Moreover, Carlsberg has strong funding support. It was reported that Carlsberg earned annual net profit of 5.6 billion Danish krons (about 6.1 billion yuan) in 2012.