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Latest update: 18/03/2009
- Anti-trust - China - Coca-Cola
China rejects Coca-Cola takeover of juice maker
China has rejected a plan by Coca-Cola to take over the nation's top juice maker Huiyuan, based on anti-monopoly legislation. The 2.4-billion-dollar acquisition would produce "a negative influence on competition," the ministry said.
APF - China has rejected a plan by Coca-Cola to take over the nation's top juice maker Huiyuan, based on anti-monopoly legislation, the commerce ministry said Wednesday.
The acquisition would produce "a negative influence on competition," the ministry said in a statement.
The 2.4-billion-dollar deal, which would have been the largest-ever foreign acquisition of a Chinese company, was seen as a major first test of how China would apply its new anti-monopoly law.
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Red China's tyrant government overrules Coca-Cola's buyout bid
How typical! The senile butchers who run the Red Chinese dictatorship show their true colors again. It isn't enough that they flood the free world's markets with their slave labor-produced manufactured goods, undermining our indigenous industrys into bankruptcy into the bargain, but now they flee screaming when a legitimate capitalist offer is presented to take over one of their corrupt, failing state-run monopolies. How very typical of the Red Chinese dictatorship which is still dripping blood from the so-called "Cultural Revolution" and the slaughter in Tianamen Square!