** Shares of winemaker Treasury Wine Estates rise as much as 4.1% to A$11.960, hitting their highest level since Oct. 23
** Co is set to acquire 75% of Ningxia Stone & Moon Winery Co ("Stone and Moon"), situated in north-western China for about A$27.5 million ($17.70 million)
** Terms include an option for co to acquire the remaining 25% after five years.
** Asset base of Chinese winery includes 43 hectares of planted vineyards
** Stock posts its biggest intraday percentage gain since Oct. 14
** Stock has risen 6.6% YTD, as of last close
($1 = 1.5533 Australian dollars)
(Reporting by Nichiket Sunil in Bengaluru)
((Reuters.Briefs@thomsonreuters.com))
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