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Coca-Col kitchen cabinets a’s bid for Huiyuan still under review: MOC
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Coca-Cola’s bid for Huiyuan still under review: MOCPublished: 17 Mar 2009 14:58:50 PSTMar. 18, 2009 (China Knowledge) — China’s Ministry of Commerce (MOC) are still examining Coca-Cola’s proposal to purchase Hong Kong-listed China Huiyuan Juice Group Ltd<1886> in line with an anti-monopoly law which took effect on Aug. 1, 2008 , said Yao Jian, spokesman of MOC, on Monday.The MOC’s investigation and review of the proposed deal, which started from Nov. 20, is scheduled to finish on Mar. 20, but the ministry did not rule out the possibility that the review period would be extended, said Yao.Coca-Cola, the world’s largest soft drink maker, announced on Sep. 3 to acquire China’s largest juice producer Huiyuan for HK$17.92 billion in cash.Coke said yesterday it is actively cooperating with MOC on the investigation, without further elaboration on the issue.Copyright © 2009 http://www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina News現金化 比較 kitchen cabinets online rta kitchen cabinets 工作流 china elevator Aloe vera CFD CNC Machining