China’s cuisine is among the world’s finest but its wine industry lags far behind, a fact that new Hong Kong IPO candidate Dynasty Fine Wines Group has been striving to change since it started producing wine 25 years ago. Judging by current standards, the Tianjin-based company has some way to go, despite having an illustrious equity partner in Rémy Martin.
Although Dynasty wines don’t compare too favourably with the finer French chateaux, the company is growing rapidly in China, In fact, based on the numbers in its IPO prospectus, local connoisseurs have been quaffing the stuff at a prodigious rate.
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