GS Holdings unit acquires rights to distribute 5 beer brands in Singapore

Among these beer brands are Corona and Budweiser.

GS Holdings Limited’s wholly-owned subsidiary Octopus Distribution Networks (ODN) has acquired the rights to five beer brands under LHA Food & Beverages for an aggregate amount of $3.02m.

Under the agreement entered into on 8 September, ODN will acquire the exclusive distribution rights for Corona and Budweiser beers in Singapore, excluding the duty-free market.

ODN will also be acquiring the rights to distribute 11 Degree Premium Yanjing Beer in Singapore, as well as the trademarks of “RÖSSL BIER” and “COMO BERE” beers.

ODN will also acquire the existing customers, relevant databases and contracts, all licenses and permits, all inventories, relevant property, plant and equipment, all relevant intellectual properties and agreed employees of LHA’s distribution business as part of the transaction.

GS Holdings fully acquired ODN on 13 May 2025 for a consideration of $11.8m. ODN currently represents a portfolio of over 1,500 products across approximately 200 recognised brands from 20 global brand owners.