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GS Holdings Acquires Rights to Distribute Corona, Budweiser Beers in Singapore
The Straits Times
|September 10, 2025
Corona and Budweiser beers will be exclusively distributed in Singapore by GS Holdings, except in duty-free shops.
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GS Holdings on Sept 8 said its wholly owned subsidiary, Octopus Distribution Networks (ODN), has signed a deal to buy LHA Food & Beverages' distribution business for about $3 million in cash.
ODN will also acquire the rights to distribute 11 Degree Premium Yanjing Beer in Singapore and the trademarks of Rossl Bier and Como Bere.
The $3 million figure comprises a book value of $1.47 million of inventories and $1.55 million for the rest of the distribution business.
LHA will also transfer existing customers, relevant contracts, licenses and permits to ODN.
The proposed transaction follows the acquisition of ODN by GS Holdings for $11.8 million in May.
This story is from the September 10, 2025 edition of The Straits Times.
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