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BEIJING, June 27 (Xinhua) -- Shares of Kweichow Moutai, China's leading liquor brand, surged to a new high on Thursday ahead of the company's cash dividend payout on Friday.
The company's shares, which opened at 985 yuan (about 143 U.S. dollars) per share, surged to a historic high of 1,001 yuan in the morning session and closed at 996.35 yuan, the company's highest closing price.
Kweichow Moutai currently has the highest stock price on China's A-share market, much higher than the runner-up, which traded at around 330 yuan per share Thursday.
