--Kirin Holdings Co. plans to sell its stake in a soft drink joint venture with China Resources Enterprise to a Chinese fund for about 100 billion yen ($872.3 million), Japanese business daily Nikkei reported Thursday, citing unnamed sources.

--Kirin is expected to book gains from the sale in 2022, the Nikkei report said.

--Kirin held a 40% stake in the joint venture as of the end of 2020, according to a regulatory filing.

Full story: https://s.nikkei.com/3K1p5pD

Write to Kosaku Narioka at kosaku.narioka@wsj.com

(END) Dow Jones Newswires

01-13-22 0505ET