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Huiyuan Juice From Wikipedia, the free encyclopedia

China Huiyuan Juice Group Limit ed (Chinese: ; pinyin: China Huiyuan Juice Group Navigation Zhōngguó Huìyuán Guǒzhī Jítuán Yǒuxiàn Gōngsī ) (SEHK: 1886 ), Limited Main page established in 1992 and headquartered in Beijing, is the largest privately Contents owned juice producer in China.[1] It is engaged in the manufacture and Featured content sales of juice and other beverage products. Its products include fruit juice Current events and vegetable juice, nectars, bottled water, tea, and dairy drinks.[2] Random article Donate to Wikipedia Contents [hide] 1 Hong Kong Listing Type Listed company 2 Coca Cola buy-out attempt Interaction Indust ry Juice production 3 References Fo unded 1992 Help 4 External links About Wikipedia Fo under(s) Mr. Zhu Xinli Community portal Hong Kong Listing [edit] Headquart ers Beijing, People's Recent changes Republic of China Contact page It was listed on the in February 2007. Prior to Area served People's Republic of its listing, Groupe and Warburg Pincus became cornerstone China Toolbox investors in the company. Warburg Pincus sold its stake into the public Key peo ple Chairman: Mr. Zhu Xinli market in 2009; Danone sold its 23 percent stake Huiyuan for €200m Websit e China Huiyuan Juice What links here ($260m) in 2010 to Hong Kong private equity group, SAIF.[3] Group Limited Related changes Upload file Coca Cola buy-out attempt [edit] Special pages Permanent link In 3 September 2008, Atlantic Industries, a wholly owned subsidiary of The Coca-Cola Company, agreed to buy Page information China Huiyuan Juice for HK$17.9 billion at HK$12.20 per share, three times more than its closing price of HK$4.14 Data item on the previous day. Its shares closed at HK$10.94 on that day.[4] The proposed takeover was subject to anti- Cite this page monopoly review by the Chinese Ministry of Commerce , which was scheduled to finish on 20 March 2009.[5] On 17 March, it was reported that Coca Cola was considering abandoning the deal, as Chinese authorities insisted on [6] Print/export relinquishing the Huiyuan brand name after acquisition. On 18 March, the Ministry of Commerce disallowed the bid, citing market competition concerns.[7][8] Create a book Download as PDF Sun Min, wife of a Chinese businessman, was found guilty of insider trading in Huiyuan shares by the Market Printable version Misconduct Tribunal in Hong Kong. The businessman, Mo Feng, and Sun purchased 8.61 million shares in the company between 30 July and 29 August 2008, at between HK$3.78 and 4.66 (US$0.48–$0.60), then resold their shares HK$10.24–$11.12 (US$1.21–$1.43) each on 3–4 Sept. 2008, after Huiyuan's stock price had surged after the Languages proposed takeover was announced. A profit of HK$55.1 million (US$7.09 million) was made from the trade.[9] Sun Deutsch was convicted of having dealt in 3.13 million Huiyuan shares in August 2008[10] and was fined HK$20 million Français (US$2.56 million), the largest ever imposed for the crime in the territory.[11] Edit links References [edit]

1. ^ "Huiyuan Juice set for HK listing" . People's Daily. 2007-02-10. Retrieved 2008-07-07. 2. ^ "China Huiyuan Juice Group Limited" . Bloomberg Businessweek. Retrieved 2008-07-07. 3. ^ Anderlini, Jamil; Daneshkhu, Scheherazade (28 July 2010). "Danone sells stake in Chinese juice maker" . Financial Times 4. ^ Wong, Stephanie (2008-09-03). "Coca-Cola to Buy China's Huiyuan for $2.3 Billion" . Bloomberg L.P. 5. ^ "Coca-Cola purchase of Huiyuan 'still under antimonopoly review'" . China Daily. 16 March 2009. Retrieved 2009-03-18. 6. ^ Tucker, Sundeep (2009-03-17). "Coca-Cola’s $2.4bn China deal at risk" . Financial Times. 7. ^ Macartney, Jane (18 March 2009). "China rejects Coca-Cola bid for juice group" . The Times (London). Retrieved 2009-03-19. 8. ^ "China: Coca-Cola / Huiyuan Deal Is First Acquisition Blocked By China Antitrust Review" . Mondaq, 25 March 2009 9. ^ "Tycoon Mo Feng and wife face insider trading probe in Hong Kong" . Want China Times 10. ^ "Case of insider trade settled" . Flanders-China Chamber of Commerce, 11 March 2013 11. ^ "Power broker" . The Standard, 31 May 2013

External links [edit]

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V · T · E · Beverage companies of China [hide]

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Categories: Companies listed on the Hong Kong Stock Exchange Companies based in Beijing Companies established in 1992 Beverage companies of China Warrants issued in Hong Kong Stock Exchange Privately held companies of China Juice drink brands

This page was last modified on 23 June 2013 at 20:54.

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