Tsingtao Brewery has scrapped its proposed acquisition of Chinese rice wine producer Jimo Yellow Wine Factory. In a stock exchange filing today (27 October), the brewer said the acquisition transaction had been terminated as “the conditions of the completion have not been met”. "The company shall not be liable for any breach of contract arising from the termination of the transfer agreement", it added. Under the original agreement announced in May, Tsingtao was set to acquire Jimo Yellow Wine for 665m y ...