Business Intelligence on Retailing, Franchising, and Consumerism in China


Uni-president May Acquire Shanghai Huiyuan For CNY300 Million

Taiwan's Uni-president Group recently announced plans to acquire Shanghai Huiyuan, a wholly-owned subsidiary of Huiyuan Juice, for CNY300 million.

According to the Taiwanese company, they will only purchase Huiyuan's plant in Shanghai and establish it as Uni-president's manufacturing base. Shanghai Huiyuan reportedly focuses on the production of vegetable juice and diluted fruit juice.

Huiyuan Juice published a report in response to this acquisition plan, and the company states that they have noticed the related reports about the acquisition. The company is negotiating the deal and no agreement has been achieved yet. They will release further reports if any transaction is decided.

Taiwanese local media quoted Uni-president by saying that the company plans to invest USD204 million to establish and enhance nine comprehensive food plants. The new plants will be located in areas in or around Hutubi, Tianjin, Qinghai, Shanghai, and Guangdong; while its existing plants in Hangzhou, Nanchang, Shijiazhuang, and Harbin will gain additional investments. Before the end of 2013, the company will have eight or nine new plants and by 2014 they aim at 40 manufacturing bases.

Uni-president also expanded in the dairy industry by increasing investment. In 2012, the company completed a CNY51.66 million additional investment in Wonder Sun, a Heilongjiang-headquartered dairy company.





Be the first to comment on "Uni-president May Acquire Shanghai Huiyuan For CNY300 Million"

Leave a comment

Your email address will not be published.


*




  Other China News

ChinaTechNews.com:

New Online-to-Offline Delivery Service Aims To Improve JD.com's Timeliness

Baidu Begins Advertising Cooperation With Yahoo Japan

China's Huawei To Build R&D Base In Tokyo

Xiaomi Sold Over Two Million Smartphones In India During Q3 2016


GreenChinaTech:

Chinese Electric Bus Manufacturer Lands USA Deal

American Electric Car Manufacturer To Build In China

U.S. Clean Water Company Makes Chinese Inroads

GE Will Promote Wind Power Through New Chinese Education Center


ChinaSourcingNews.com:

Coca-Cola To Sell Chinese Bottling Business

Qualcomm Sets Up Semiconductor Test Factory In Shanghai

Best Logistics Closes Good Investment For International Expansion

CloserStill Media Launches Smart IoT Hong Kong for 2017