日韩午夜精品视频,欧美私密网站,国产一区二区三区四区,国产主播一区二区三区四区

Home / Business / Food & Beverage Tools: Save | Print | E-mail | Most Read | Comment
Huiyuan still open to potential investors
Adjust font size:

China Huiyuan Juice Group is still keeping its doors open to new investors after a proposed takeover by Coca-Cola Co was rejected by the Chinese government, a senior company executive said yesterday.

Huiyuan still open to potential investors. [Shanghai Daily]
Huiyuan still open to potential investors. [Shanghai Daily]

Zhu Xinli, chairman and president of the nation's biggest pure juice maker, said during a briefing that several investors have approached Huiyuan about possible cooperation. But he didn't disclose the names of potential investors and if the cooperation would include a second attempt to buy shares.

Wu Yuqiang, vice chairman and chief executive officer, said Huiyuan welcomes all kinds of partnership.

The Ministry of Commerce blocked Coca-Cola's US$2.4-billion bid for Huiyuan last month after a three-month anti-monopoly review, fearing the nation's biggest takeover by a foreign company would hurt market competition.

In response to the rejection, Zhu noted the company aims to boost its sales this year by focusing on network and expanding product mix in the diluted juice market, which grew faster than the pure fruit juice market.

Huiyuan said last year sales of pure juice fell by 2.4 percent, and sales of nectars and juice drinks rose 8.4 percent and 8.9 percent respectively.

"Huiyuan is still attractive to investors because of its well-developed industrial chain," said Liu Jinhu, an analyst at Guohai Securities Co, "But it is unlikely that any new investor would pay a high price."

Earlier media reports said possible buyers may include Taiwan Uni-President, PepsiCo Inc, China Resources Enterprise and COFCO Ltd, China's largest diversified products and services supplier. But none of them confirmed interest.

Huiyuan still open to potential investors
Huiyuan still open to potential investors [CFP]

Beijing-based Huiyuan said its profit last year fell 86 percent to 88.9 million yuan (US$13 million) from 640.2 million yuan in 2007 on depreciation and higher raw material costs. Its turnover gained 6 percent to 2.8 billion yuan in the same period.

(Shanghai Daily April 16, 2009)

Tools: Save | Print | E-mail | Most Read Bookmark and Share
Comment
Pet Name
Anonymous
China Archives
Related >>
- Insider says Huiyuan still for sale
- Share price of Huiyuan tumbles on buyout bid rejection
- China rejects Coke's bid for Huiyuan
- Coca-Cola, Huiyuan merger 'still under antimonopoly review'

Apr. 11-12, Beijing The Fifth (2008) 'Gold Prize of Round table'of Chinese Boards of Listed Company
Apr. 17-19, Hainan The Boao Forum for Asia Annual Conference 20
Apr. 20-23, Beijing Green Transformation: Forcast New Business Culture
Apr. 27-28, Beijing China Institute Executive Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
主站蜘蛛池模板: 屯昌县| 甘孜县| 偃师市| 叙永县| 庆阳市| 翁源县| 信丰县| 昌吉市| 永平县| 阜南县| 英吉沙县| 桐乡市| 竹北市| 南开区| 广德县| 桃源县| 石城县| 绿春县| 米易县| 东平县| 兴宁市| 界首市| 绥芬河市| 阿荣旗| 阿坝县| 克拉玛依市| 平遥县| 兴隆县| 南江县| 马关县| 邹平县| 毕节市| 潜山县| 达拉特旗| 黄陵县| 满洲里市| 衡南县| 雷波县| 易门县| 通州区| 新营市|