Diageo wants more ShuiJingFang

Diageo has confirmed that it is looking to increase its stake in the holding company of Chinese liquor maker ShuiJingFang, but would not comment on whether it is already in talks with authorities. A spokesperson from the drinks conglomerate said that it would like to raise its 53 per cent stake in Quanxing, which owns 39.7 per cent of ShuiJingFang, but refused to comment on a report that the company is talking to regulator Dofcom.