Vineyard may sell shares

Tianjin-based Dynasty Winery, which counts Remy Cointreau as a key investor, could soon become China's first vineyard to sell shares off the mainland. According to a filing lodged with the Hong Kong stock exchange, Dynasty Winery controlling shareholder, Tianjin investment company Tianjin Development Holdings, plans to list Dynasty, and cut its stake in the winery from 62% to 46.5%. Dynasty is one of China's top three wine companies with a portfolio extending to 35 brands. Tianjin Development is primarily known for its toll road and shipping interests.