China Huiyuan Juice Group Limited () (), established in 1992 and headquartered in Beijing, is the largest

privately owned A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is ...

juice producer in China. It is engaged in the manufacture and sales of juice and other beverage products. Its products include

fruit juice Juice is a drink made from the extraction or pressing of the natural liquid contained in fruit and vegetables. It can also refer to liquids that are flavored with concentrate or other biological food sources, such as meat or seafood, such as ...

and

vegetable juice Vegetable juice is a juice drink made primarily of blended vegetables and also available in the form of powders. Vegetable juice is often mixed with fruits such as apples or grapes to improve flavor. It is often touted as a low-sugar alternative to ...

nectars Nectar is a sugar-rich liquid produced by plants in glands called nectaries or nectarines, either within the flowers with which it attracts pollinating animals, or by extrafloral nectaries, which provide a nutrient source to animal mutualists ...

bottled water Bottled water is drinking water (e.g., well water, distilled water, mineral water, or spring water) packaged in plastic or glass water bottles. Bottled water may be carbonated or not. Sizes range from small single serving bottles to large car ...

, tea, and dairy drinks.

Hong Kong listing

It was listed on the

Hong Kong Stock Exchange The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is repor ...

in February 2007. Prior to its listing,

Groupe Danone A group is a military unit or a military formation that is most often associated with military aviation. Air and aviation groups The terms group and wing differ significantly from one country to another, as well as between different branches ...

and

Warburg Pincus Warburg Pincus LLC is a global private equity firm, headquartered in New York, with offices in the United States, Europe, Brazil, China, Southeast Asia and India. Warburg has been a private equity investor since 1966. The firm currently has over ...

became cornerstone investors in the company. Warburg Pincus sold its stake into the public market in 2009; Danone sold its 23 percent stake Huiyuan for €200m ($260m) in 2010 to Hong Kong private equity group, SAIF.

Coca-Cola buy-out attempt

On 3 September 2008, Atlantic Industries, a wholly owned subsidiary of

The Coca-Cola Company The Coca-Cola Company is an American multinational beverage corporation founded in 1892, best known as the producer of Coca-Cola. The Coca-Cola Company also manufactures, sells, and markets other non-alcoholic beverage concentrates and syrups, ...

, 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 The Ministry of Commerce of the People's Republic of China (MOFCOM) is a cabinet-level executive agency of the State Council of China. It is responsible for formulating policy on foreign trade, export and import regulations, foreign direct ...

, 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. Sun Min, wife of a Chinese businessman, was found guilty of insider trading in Huiyuan shares by the Market 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 proposed takeover was announced. A profit of HK$55.1 million (US$7.09 million) was made from the trade. Sun was convicted of having dealt in 3.13 million Huiyuan shares in August 2008"Case of insider trade settled"
Flanders-China Chamber of Commerce, 11 March 2013 and was fined HK$20 million (US$2.56 million), the largest ever imposed for the crime in the territory."Power broker"
. ''The Standard'', 31 May 2013

References

External links

* {{Beverage companies of China Drink companies of China Juice brands Manufacturing companies based in Beijing Chinese companies established in 1992 Food and drink companies established in 1992 Food and drink companies based in Beijing Companies listed on the Hong Kong Stock Exchange Privately held companies of China Chinese brands