AskBiography Logo   Latest News  Follow Us on Twitter  Follow Us on Google Buzz  Became Fan - Facebook  Subscribe to RSSRSS   Bookmark and Share

Huiyuan Juice

China Huiyuan Juice Group
Company nameChina Huiyuan Juice Group Limited
Company typeListed company
IndustryJuice production
Founder(s)Mr. Zhu Xinli
Area servedPeople's Republic of China
Key peopleChairman: Mr. Zhu Xinli

     Home | Company | China Huiyuan Juice Group

China Huiyuan Juice Group Limited (Simplified Chinese: 中国汇源果汁集团有限公司, Traditional Chinese: 中國匯源果汁集團有限公司) (Hkex - 1886), established in 1992 and headquartered in Beijing, is the largest privately-owned juice producer in China. It is engaged in the manufacture and sales of juice and other beverage products. Its products include fruit juice and vegetable juice, nectars, bottled water, tea, and dairy drinks. It was listed on the Hong Kong Stock Exchange in 2007.

In 3 September 2008, Atlantic Industries, the full subsidiary of Coca Cola Company agreed to buy 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 on the previous day. Its shares closed at HK$10.94 on that day. The proposed takeover was subject to anti-monopoly review by the Chinese Ministry of Commerce, which was scheduled to finish on 20 March 2009. On 17 March, it was reported that Coca Cola was considering abandoning the deal, as Chinese authorities insisted on relinquishing the Huiyuan brand name after acquisition. On 18 March, the Ministry of Commerce disallowed the bid, citing market competition concerns.

Warning: simplexml_load_file( [function.simplexml-load-file]: failed to open stream: HTTP request failed! HTTP/1.0 410 Gone in /home/askbio/public_html/index_bio.php on line 257

Warning: simplexml_load_file() [function.simplexml-load-file]: I/O warning : failed to load external entity "" in /home/askbio/public_html/index_bio.php on line 257

Fatal error: Call to a member function children() on a non-object in /home/askbio/public_html/index_bio.php on line 260