China :: Business :: Deals

Source : Vitasoy International Holdings Limited HONG KONG, Dec. 21, 2010 /PRNewswire-Asia/ -- In view of the increasing number of people traveling between Hong Kong and Mainland China, coupled with the rising popularity of RMB usage in Hong Kong, Vitasoy International Holdings Limited ('Vitasoy', HKEx stock code: 345) has recently taken the lead in launching the first RMB full vending machine which accepts RMB payment to facilitate the purchase of Vitasoy beverages by Hong Kong and Mainland Chinese citizens and travelers. Vitasoy has placed the RMB full vending machines on the Hong Kong side of some border control points and piers, such as Shenzhen Bay, China Ferry Terminal and Macau Ferry Terminal. The Company plans to install more Vitasoy full vending machines which accept both RMB and HKD in more traveling points which are popular to Mainland Chinese travelers in the future. These machines accept RMB notes of $10 face value.

Source : Capital Vue December 24 – Yantai North Andre Juice (8259.HK) won the approval of Hong Kong Exchange and Clearing Limited to transfer its listing from the Growth Enterprise Market (GEM) bourse to the Main Board, reports finet.hk, citing a company filing. The last day of the company’s H-share trading on GEM is January 18, 2011 and trading in the H shares on the Main Board (new ticker: 2218.HK) will begin on 19 January 2011. The directors believe that listing on the Main Board will enhance the company’s image and attract larger institutional and retail investors. The company makes and sells juice concentrate, extracts, foodstuffs and related products. It owns nine juice concentrate factories, one fruit mashing plant, and one pectin processing base. For the first half of 2010, the company generated 10.46 million yuan in net income, a 33.05-percent year-on-year decrease.

Company raises RMB 482 million to strengthen production capacity and market share for PET beverage packaging business ZHUHAI, China and HONG KONG, Dec. 23, 2010 /PRNewswire-Asia/ -- China's leading beverage packaging and PET bottling company, Zhuhai Zhongfu Enterprise Holdings Limited ('Zhuhai Zhongfu'; stock code: SZ000659), announced its private placement was 2.7 times oversubscribed and that it will issue 68 million new shares at RMB 7.1 per share, raising RMB 482 million. The net proceeds will be fully committed to the expansion program for the Company's core businesses, namely PET bottle manufacturing, bottle blowing and drink refilling. Zhuhai Zhongfu said it anticipates its profitability, production and marketing capability will be further enhanced once the new facilities are integrated into its operations. The Company intends to leverage the expansion to capitalise on the booming beverage packaging industry in China as well as the expansion plans of its major cu...

China Retail News The Chinese time-honored tea leaf brand Beijing Wu Yutai Tea Company Limited has signed a cooperation agreement of intent with a Hong Kong company to implement a complete investigation and planning for its development and chain store expansion in Hong Kong. A representative from Wu Yutai introduced that based on Wu Yutai's large sales and brand influence on the Chinese mainland, the two parties will establish diversified industry models that can satisfy consumer groups of all levels. They will first set up Wu Yutai's Hong Kong flagship shop, a modern teahouse with the themes of tea culture. The featured shop will be located in the prosperous Tsim Sha Tsui area in Hong Kong, with an estimated investment of CNY10 million. Sticking to chain development, Wu Yutai now has over 230 tea leaf shops on the Chinese mainland. At the same time, it establishes high-end restaurants that focus on the tea culture, tea health research, and cuisines made of tea. In the Hong Kon...

China Retail News Following the opening of its first Ole' high-end supermarket in Shanghai in July 2010, China Resources Vanguard has launched another high-end supermarket brand BLT at Lianyang Plaza, Pudong. The new BLT at Lianyang Plaza has an area of 2,300 square meters and it offers featured imported products, including organic food, health food, wine, and western-style cooking materials. With simple interior decorations, BLT mainly targets young white collars and most of its products are imported from other Asian countries. China Resources Vanguard told local media that it plans to open 20 to 30 BLT supermarkets in Shanghai over the next three to five years. In addition, the retailer will open four to six new Ole' supermarkets in Shanghai. A representative in charge of the business affairs of China Resources Vanguard revealed that if there are proper opportunities, the company will accelerate the expansion of its market share by acquisitions. It will locate its new sites a...

Source : Global Times Yili Industrial Group Co. Ltd., one of the country's leading diary products manufacturers, announced Monday the formation of a strategic partnership with Walt Disney Company. The two parties will work together on product and marketing activities in the next five years starting from 2011. Disney's cartoons and films, like the Mickey Mouse and Toy Story will be printed on Yili's diary products. The cooperation will cover both regular sales channels in stores and other fields like residential blocks; the soon-to-be-launched Disney Land in Shanghai and the Internet. Yili also changed its logo to add more international elements on the same day.

Austrian Times Red Bull is setting its sights on China, it has emerged. Dietrich Mateschitz, head of the company based in Fuschl near Salzburg, said the plan was to enter the Chinese market next year. The company boss, who rarely speaks to the press, told the German Lebensmittel Zeitung newspaper: 'We’ve just left the first base camp on our climb to the top.' Mateschitz said he saw the potential of selling up to eight billion cans of the firm’s trademark drink a year. Nearly four billion units of Red Bull went over the counter last year, and the Austrian businessman claimed his firm will have sold 4.2 billion cans by the end of this year. Red Bull, which is not listed on the stock market, is the strongest Austrian brand in the world with an estimated value of 12 billion Euros. The firm raked in just 11 million Euros in its first year of doing business in 1987 while having spent three million Euros more on marketing initiatives at the same time. Red Bull’s annual turnover has ra...