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| Tuesday, December 02, 2008 00:26:36 |
Private Chinese firms may unite to block Coke’s Huiyuan bid
A group of privately-owned Chinese firms led by China-based management consultancy H&J Vanguard have said they may raise US$2.63 billion (RMB18 billion) through a private equity fund to gatecrash Coca-Cola’s (KO.NY) planned US$2.4 billion purchase of China’s largest 100% fruit and vegetable juice maker, Huiyuan Juice Group, the Shanghai Securities News reported. &...
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