China Huiyuan Juice 1886

Re: China Huiyuan Juice 1886

Postby winston » Mon Sep 10, 2012 11:59 am

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HUIYUAN JUICE (01886.HK) expects income contribution from fruit juice with medium to high concentration to rise to 60% in 2H
Aug 29, 2012

HUIYUAN JUICE (01886.HK)'s vice president Zhou Hongwei said the group suffered a loss of RMB32.16 million in the first half of 2012 as sales of large packaged products were affected by a 8% price hike, coupled with additional expenses incurred on reorganization of production lines.

Zhou expects income contribution from fruit juice with medium to high concentration to rise to 60% in the second half of the year from 40%.

Source: AAStocks Financial News
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Re: China Huiyuan Juice 1886

Postby winston » Sun Mar 24, 2013 6:34 pm

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HUIYUAN JUICE (01886.HK)
2013-03-22

Economic Journal reported that HUIYUAN JUICE (01886.HK) Chairman & President Zhu Xin Li is planning to sell about 42% of the equities, involving $2.5 billion.

The potential buyers include GUANGZHOU PHAR (00874.HK).

The stock was last $4.06, up 2%, on volume of 7.94 million shares.


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Re: China Huiyuan Juice 1886

Postby winston » Tue Apr 02, 2013 9:07 pm

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Mar 28, 2013
<Result Ann>HUIYUAN JUICE (01886.HK) FY NP down 95%

HUIYUAN JUICE (01886.HK) announced, for 2012, the net profit fell 94.8% to RMB16.16 million, representing EPS of 1.1 fens.
No final dividend was declared.


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Re: China Huiyuan Juice 1886

Postby winston » Fri May 24, 2013 11:30 am

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HUIYUAN JUICE (01886.HK) buys producer of fruit juice concentrates and purees for 4.9B

HUIYUAN JUICE (01886.HK) announced that on 23 May 2013, the Company, China Hui Yuan Holdings and Mr. Zhu Xinli (the Chairman, an executive director and the controlling shareholder of the Company) entered into an Acquisition Agreement.

Pursuant to which the Company has conditionally agreed to purchase from China Hui Yuan Holdings the entire issued share capital of the Target Company China Huiyuan Industry Holding Limited, at a total consideration of approximately HK$4,939 million (equivalent to approximately RMB3,935 million).

Of which approximately HK$1,521 million is related to the liabilities of HK Sub to be assumed by the Company under the Restructuring Facility (which will be drawn down by HK Sub for the settlement of the Restructuring Deferred Payment) with the balance of the consideration of approximately HK$3,418 million to be settled by the allotment and issue of a total of 447,322,020 New Ordinary Shares at a price of HK$3.10 per New Ordinary Share and a total of 655,326,877 Convertible Preference Shares at a price of HK$3.10 per Convertible Preference Share.

The Target Group is one of the leading producers of fruit juice concentrates and purees in China and sells its products mainly in China. Key products of the Target Group include fruit juice concentrates and purees as well as packaging materials for the juice beverage industry.

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Re: China Huiyuan Juice 1886

Postby winston » Thu Jun 06, 2013 8:53 pm

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HUIYUAN JUICE (01886.HK) upgraded to OPF with TP$4 by Stanchart

HUIYUAN JUICE (01886.HK) agreed to acquire upper stream juice concentrate-making asset/business, which have a net asset value of RMB682 million, owned by Zhu Xinli, founder and chairman of the company, Standard Chartered said in a report.

HUIYUAN JUICE is upgraded from Equalweight to Outperform.

The broker believes the shareholders of HUIYUAN JUICE will be benefited from the new synergies.

HUIYUAN JUICE's target price is hiked from $2.65 to $4.


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Re: China Huiyuan Juice 1886

Postby winston » Fri Jul 12, 2013 9:39 pm

HUIYUAN JUICE (01886.HK) Chairman denies disposal; focusing on optimization of assets
2013-07-12

When responding to the question whether HUIYUAN JUICE (01886.HK) will continue to dispose of other assets following the sale of the whold equity of Shanghai Huiyuan recently, Chairman of the company Zhu Xinli said due to the high production cost of the company's plant in Shanghai, orders have been transferred to the plants in the neighborhood, which will help reduce the operating costs and liabilities of the company and increase cash flows.

The company will move the assets which fail to generate more profit to more efficient plants to optimize the assets based on the market situation in the coming three to five years.

Zhu denied the rumor relating to the intention of disposals, stressing that the company will continue focusing on existing business.


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Re: China Huiyuan Juice 1886

Postby winston » Fri Jul 19, 2013 11:42 am

HUIYUAN JUICE (01886.HK) Buy:$3.25; Target: $4; Stop:$3 - Matthew Kwok

Matthew Kwok, chief strategist at China Yinsheng Securities, said HUIYUAN JUICE (01886.HK) sold the entire stake in Shanghai Huiyuan Food & Beverage to U-PRESID CHINA (00220.HK) for a consideration of RMB300 million.

The deal is expected to integrate upstream assets of HUIYUAN JUICE and increase profitability.

The price for the transaction represented 11x 2012 P/E, while the EBITDA margin of the acquired asset was 30%, which would help boost the overall profit margin of the company.

The stock price of HUIYUAN JUICE would improve significantly as its profit is expected to be satisfactory in 2014.


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Re: China Huiyuan Juice 1886

Postby winston » Thu Aug 29, 2013 6:37 am

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Huiyuan bounces back to black before upstream asset boost

Zhu Xinli, chairman of Huiyuan Juice Group (1886), said the injection of his personal upstream assets into the listed firm is expected to be completed within the second half.

These assets - composed of fruit planting and juice-concentrate supply units - are worth 900 million yuan (HK$1.14 billion), Zhu said, adding he will only accept receiving shares from the company instead of cash, reflecting his bullish outlook on the firm.

"We hope to guarantee product quality from the upstream source," Zhu said.

Huiyuan is the largest juice brand in the mainland in terms of sales. The Beijing-based firm had a 60.8 percent market share by juice sales volume in the first half of this year - triple that of its closest competitor.

It also made a net profit of 114 million yuan in the period, compared with a net loss a year back. "I am fully confident about the future. The next five to 10 years is another booming period for Huiyuan," Zhu said, reminding the public of the attractiveness of the firm to US beverage giant Coca-Cola in 2009.

A US$2.4 billion (HK$18.72 billion) acquisition by Coca-Cola of Huiyuan was rejected by the Ministry of Commerce under the mainland's anti-monopoly law.

The firm is rebuilding its asset structure and factories' layout, but the expenditure will be limited to around 150 million yuan.

It also plans to explore new sales channels such as selling drinks through restaurants or other catering service providers. Shares of Huiyuan surged 8.86 percent to HK$3.93 yesterday.

http://www.thestandard.com.hk/news_deta ... 30829&fc=7
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Re: China Huiyuan Juice 1886

Postby winston » Tue Sep 24, 2013 5:59 am

Rotten report puts crush on fruit juice maker by Karen Chiu

Shares of China Huiyuan Juice Group (1886) plunged yesterday by as much as 7.66 percent following a mainland media report alleging the firm had used rotten fruit for juice production.

But Huiyuan said late last night that it had conducted an internal investigation and found that no spoiled fruit was used to make any of its products.

The nation's largest juice maker said it always stresses product safety.

Its shares ended at HK$4.22 yesterday, down by 4.96 percent.

Shares of China Haisheng Juice Holdings (0359) also fell up to 4.35 percent to close at HK$0.345, while trading was halted on Yantai North Andre Juice (2218).

They are the three locally listed mainland firms which apparently bought rotten fruit in bulk, the 21st Century Business Herald reported.

The report said they acquired rotten fruit from farmers, markets and distribution centers for 2 fens per kilogram. A man who worked for a fruit distribution center claimed to bring as much as 60 tonnes to these juice makers.

Truck drivers revealed that the decayed part of the fruit would then be washed away with water - which might contain sterilization and disinfection components - before being put into the juicer.

A spokesman for Huiyuan said fruit became rotten after being crushed during transportation, stressing that farmers do not intentionally sell damaged fruit to the firm.

Huiyuan said there are a number of internal technological selection processes for the purchase of fruit. It sends fruit which passes the process into the production line.

Andre Juice, on the other hand, said its factories do not operate in such a way, while no response was heard from Haisheng Juice.

Huiyuan serves as a major supplier for many airlines in the mainland. Its coverage of the Chinese aviation sector reached more than 80 percent.


http://www.thestandard.com.hk/news_deta ... 30924&fc=2
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Re: China Huiyuan Juice 1886

Postby winston » Tue Mar 25, 2014 7:04 pm

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Temasek Injects $150M In Huiyuan Juice Group

Beijing-based fruit juice producer China Huiyuan Juice Group Limited has received an investment of $150 million from Temasek Holdings, according to a regulatory filing of the company.

Huiyuan will issue convertible bonds due in 2019 to Baytree Investments, a wholly-owned unit of Temasek. The bonds can be converted into 166 million shares at HK$7 apiece, a premium of 14.38% over the company's last closing price before the announcement.

After the conversion, Temasek will hold 7.68% of the enlarged share capital of Huiyuan on a fully diluted basis.

Huiyuan says it will use the proceeds for refinancing of existing debts and general working capital of the company.

In 2010, SAIF Partners acquired a 22.98% stake in Huiyuan from France-based dairy giant Danone Group for HK$2.02 billion ($260 million).

After the latest transaction, SAIF’s stake will be diluted from 16.87% to 15.58%.

Founded in 1992, Hong Kong-listed Huiyuan is the largest juice maker in China by sales volume, and accounts for about 56% of the Chinese juice market.

The company just acquired RMB117.7 million ($19 million) of assets from Japan's alcoholic beverage producer Suntory Holding last week.

http://www.chinamoneynetwork.com/2014/0 ... uice-group
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