China buys WA wine labels

Two more WA wine producers have been sold to overseas interests. Margaret River’s Woodside Valley Estate and the Perth Hills Western Range are in the final stages of being acquired by Hong Kong-based beverage giant Palinda Wines. Palinda is the private family company of Chinese businessman Jacky Wong, whose interests in beverage distribution throughout Hong Kong and mainland China are significant. It is believed that the acquisitions of the two WA wine labels are part of a massive expansion of Mr Wong’s 150 stores, reports the West Australian.