Liverpool has been sponsored by Carlsberg since 1992.
Carlsberg will distribute beer produced by Beijing-based Jing-A while the Chinese brewer will retain control of producing its craft and speciality beers.
What sets Edi Rejang apart from all the other racists out there is his willingness to apologise and make amends for his misdeeds.
The government has said it wants to fully divest its 81% stake in Habeco, Vietnam's number three brewer and known for its Hanoi and Truc Bach brands.
Carlsberg is still interested in expanding in Vietnam, where the company has attempted to increase its stake in Habeco for a number of years.
Earnings in the first half of the year rose 6% to 4.37 billion kroner ($670 million), beating a company-compiled analyst estimate of 4.15 billion kroner.
The deal comes as global beer giants Heineken, AB InBev and Carlsberg face fierce competition in emerging markets, touted as the growth engine for the world's biggest brewers.