Taiwan Tobacco & Liquor reports China breakthrough

15-Feb-2007

State-owned monopoly Taiwan Tobacco & Liquor Corp (TTL) is to expand its business in the Chinese duty-free market after gaining approval to set up offices in Shanghai and Beijing.

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TTL chairman Martin Tsai said that the company’s cigarettes, which include Taiwan’s best-selling cigarette brand Long Life, had been performing well in five Chinese duty-free shops. The company has selected........

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