August 2 -- Shenzhen Shenbao Industrial (000019) intends to sell a 15 percent stake in Shenzhen Pepsi Beverage for 144 million yuan, reports yicai.com, citing a company filing.

Shenzhen Pepsi Beverage had reported a loss in 2010 due to the financial crisis.

According to Shenzhen Shenbao Industrial, the stake sale will help the company to focus on its main business.

Shenzhen Pepsi Beverage mainly produces carbonated drinks, while Shenzhen Shenbao Industrial mainly produces tea, canned food and beverage products, and is involved in the real estate industry.

Shenbao Industrial recorded a loss of 4.8 million yuan from its investment in Shenzhen Pepsi Beverage in the first quarter of the year.

Source:CapitalVue