Nongfu Shanquan’s $1 billion IPO approved by the Hong Kong Stock Exchange next week
It is reported that Nongfu Shanquan will receive IPO approval from the Hong Kong Stock Exchange next week, raising $1 billion. IPO demand will be tested as soon as next week.
Jinlongyu gem IPO submitted for registration (Shenzhen Stock Exchange)
According to the information disclosed by the Shenzhen Stock Exchange, Yihai Jiali Jinlongyu grain and oil Food Co., Ltd. submitted for registration yesterday and formally entered the registration process. According to the prospectus, the operating revenues of YIHAI KERRY in 2017, 2018 and 2019 were 150.766 billion yuan, 167.074 billion yuan and 170.743 billion yuan respectively. After deducting the non recurring profit and loss, the net profit attributable to the owner of the parent company in 2018 and 2019 is RMB 4.215 billion and RMB 4.478 billion respectively.
Fonterra group and Ankang Shanghai Innovation Center unveiled (company news)
Today, Fonterra group of New Zealand and Ankang quality testing technology (Shanghai) Co., Ltd. (hereinafter referred to as “meiankang”) announced the formal use of hengran group and Megan Shanghai innovation center jointly established by the two sides. According to reports, the innovation center is equipped with a number of laboratories. Fonterra said that Shanghai innovation center has also undertaken world-class scientific research capabilities from the company’s global R & D center. At present, the Shanghai R & D team is involved in product development, technology, sensory and consumer science, nutrition science, packaging and other functions, participating in every link from product concept proposal to commercial production. Zhou Dehan, acting chief executive officer of Greater China region of Fonterra, said that Fonterra hopes to deeply integrate with the local economy with a more open mind. The establishment of an innovation center in Shanghai can further help the company’s various businesses to be closer to the changes and preferences of China’s consumer market, and develop more new products that meet the needs of the market more quickly and efficiently.
The strategic cooperation between freesland and Jingdong supermarket has been upgraded, hitting the target of 10 billion in three years (company news)
Recently, Royal Netherlands fisland and Jingdong supermarket held a mid year strategic cooperation communication meeting, and jointly announced the upgrading of bilateral strategic cooperation. The two sides will carry out all-round cooperation in the aspects of omni-channel cooperation and upgrading, unbounded marketing, c2m reverse customization, refined operation of users, content marketing and digital exploration, which will impact the sales target of 10 billion in the next three years. According to Chen Ge, President of China region of Royal Netherlands fisland, the company will continue to deepen its Omni channel layout and expand more market increment. According to reports, Jingdong supermarket is the most important retail channel of freesland in China, and its annual turnover has exceeded 1 billion. In the future, the two sides will continue to cooperate deeply in product diversification, including co creation of c2m products, providing reverse customization scheme for new products of freesland, including public opinion insight and user behavior analysis, to help the brand side determine the development direction of new products, and at the same time, the marketing strategy and scheme of new products will be clarified through the powerful crowd data and insight of Jingdong supermarket after the new products are launched.
China resources capital will become the operator of high-end supermarket chain city’Super (Daily Economic News)
According to the daily economic news yesterday, China Resources Capital recently reached a final agreement with Asia Food growth fund to acquire 45% and 20% shares of City Super Group held by Fenix group, lcjg and other existing shareholders. The deal is subject to official approval and is expected to be completed in the fourth quarter of 2020. If the transaction is successfully completed, China Resources will become the largest shareholder of City super group, and existing shareholders such as Fenix group and lcjg will continue to hold 35% of the shares of City super group. City super group was founded in 1996, and its city’super is one of the famous high-end food retail chains in Hong Kong and Shanghai.
Chengde Lulu cancels administrative litigation against State Intellectual Property Office (company announcement)
Lulu Chengde announced yesterday that it had recently received an administrative ruling issued by the Beijing Intellectual Property Court on the company’s application to withdraw its lawsuit against the State Intellectual Property Office, allowing it to withdraw its administrative litigation against the State Intellectual Property Office. On August 21, 2017, Lulu Chengde filed a civil lawsuit with Beijing Intellectual Property Court on the infringement of the company’s patent rights by Lulu South Co., Ltd. of Shantou high tech Zone and Jianguo Road branch of Beijing Wal Mart Department Store Co., Ltd. Shantou Lulu filed a request for invalidation to the Patent Reexamination Board of the State Intellectual Property Office. Chengde Lulu filed an administrative lawsuit with the Beijing Intellectual Property Court on July 4, 2018 because she was not satisfied with the invalidation declaration of the three Trademarks Made by the Patent Reexamination Board and requested the examination decision.
Coca Cola’s new bottle goes public (company news)
Today, Coca Cola China announced on the official micro blog that the newly launched “huanxiang bottle” series of Coca Cola has been listed in Hangzhou, Jiangsu, Xiamen and other places, and other domestic cities will be listed in succession.
Wang Laoji’s promotion of happy culture through variety shows
Wang Laoji’s CCTV large outdoor blind date variety show named “joy on top of happiness” has been launched recently. The program combines the unique “auspicious culture” in traditional Chinese culture and the concept of poverty alleviation in rural areas, the pursuit of economic development and the realization of a well-off society in an all-round way.
Top five liquor brands in Beijing in 2020
According to the Beijing Business Daily yesterday, brand finance, the world’s leading brand value evaluation agency, released a list of “2020 global top 50 liquor brand values” in London, UK. There are five Chinese brands in the top ten, of which the top four are Chinese liquor brands. It is worth noting that Guizhou Maotai once again ranked first with the brand value of 39.332 billion US dollars. The brand value of Wuliangye in the second place was 20.871 billion US dollars, Yanghe brand value in the third place was 7.666 billion US dollars, Luzhou Laojiao brand value in the fourth place was 5.625 billion US dollars, and Gujing gongjiu ranked ninth with the brand value of 3.312 billion US dollars.
Xibei Kungfu dish goes into box and horse stalls (Interface)
According to today’s interface report, on August 12, a cart with the words “Jia Guolong Kung Fu dishes” appeared in the dining area of Beijing hemashilibao store. Xibei youmian village’s classic dishes, such as naked oats fish in sour soup, Xibei hand grilled meat and Mongolian cattle bone, are sold by sales personnel in the form of packaged food. According to reports, more than 10 dishes on the dining car are developed by Xibei, which can be heated on site or taken out. The price of dishes ranges from tens of yuan to more than 200 yuan. In addition to hemamen store, consumers can also purchase these dishes through HEMA app, Xibei Kungfu dish app, Xibei selection and Jingdong tmall.
Guangzhou Restaurant discloses shareholders’ share reduction plan (company announcement)
Yesterday, Guangzhou Restaurant announced the shareholders’ centralized bidding plan to reduce shares, showing that the reduction involves Xu Weibing, chairman of the board, and Zhao Liping, vice chairman and general manager of the company. Among them, Xu Weibing plans to reduce his holding of no more than 190000 shares (no more than 25% of his shares) by means of centralized bidding within 15 trading days from the date of the announcement; Zhao Liping plans to reduce his holding of no more than 60000 shares (no more than 25% of his shares). The reduction price shall be determined according to the market price when the reduction is implemented.
Carlsberg’s first half revenue fell 12.6% (company news)
Carlsberg yesterday reported first half results, showing first half revenue of DKK 28.83 billion (about 31.77 billion yuan), down 12.6% year-on-year. Revenue fell 16.9% in the second quarter due to market closures and assembly restrictions. The company’s business in China rebounded in the second quarter after a sharp decline in the first quarter, with sales up 18%, but its recovery did not offset the significant decline in the rest of Asia. The company has issued new full year guidance, which expects organic operating profit to fall by 10% – 15%.
Ritter sport, a German chocolate brand, maintains its global monopoly on “square chocolate” (Hua Lizhi)
The German Federal Patent Court recently rejected the appeal of miaoka, a chocolate brand owned by Yizi, against Ritter sport, a German chocolate brand. Ritter sport will be the only one to sell its square chocolate globally in the future. This means the end of a decade long battle between miaoca and Ritter sport over who can make square chocolates. It is reported that in the 1990s, Ritter family officially applied for trademark protection for its square chocolate. Since then, square chocolate has been exclusively produced by Ritter sport, and other brands cannot be copied.
New quota regulations flow out of Luzhou Laojiao Guojiao 1573 after stopping goods (Interface)
Luzhou Laojiao Guojiao Liquor Sales Co., Ltd. issued a notice on the same day that the sales customers and terminal Guojiao 1573 classic loading quota in August will be implemented by the exchange of qualified price invoice, and the implementation standards and requirements will be formulated by the major regions. It is reported that at the end of July, the company held the first general meeting of shareholders in 2020 and proposed that it would make a strategic adjustment to Guojiao 1573. In addition, 38 degree Guojiao 1573 and 52 degree Guojiao 1573 would closely follow the price increase; among them, 52 degree Guojiao 1573 would adjust the price to 1399 yuan / bottle in the national market, and strive for more than 1000 yuan price band at the product distributor’s shipping price station.
Zuming bean products Co., Ltd. first applied to the SFC
According to the CSRC’s announcement yesterday, Zuming bean products Co., Ltd. was first approved. It is reported that the company mainly produces and sells more than 400 kinds of products in three major series, including fresh bean products, vegetable protein drinks and leisure bean products. According to the document, during 2017-2019, the company’s revenue was 863 million yuan, 939 million yuan and 1 048 million yuan respectively, and the net profit was 41.4887 million yuan, 63.9418 million yuan and 90.1651 million yuan respectively.
Kraft Heinz appoints new business wire
According to foreign media reports, yesterday, kraft Heinz announced the new appointment of the US management team, appointing Cory Onell as the US sales president, Sanjiv gajiwala as the US chief growth officer, and Stephanie Peterson as the head of the US communications department.
China Milk Production Association (2nd quarter)
The official wechat of China Dairy Association announced today that according to the data of the National Bureau of statistics, the national milk production in the first half of 2020 was 14.31 million tons, an increase of 1.05 million tons or 7.9% over the same period of last year. In the second quarter, the national milk production was 7.77 million tons, an increase of 1.23 million tons on a month on month basis, an increase of 18.8%, and a year-on-year increase of 760000 tons, an increase of 10.8%. In the second quarter, the output of fresh milk and production efficiency increased steadily.
National Bureau of Statistics: the growth rate of retail sales turned from negative to positive for the first time in this year (Securities Times)
China’s economic data for July released by the National Bureau of statistics showed that market sales continued to pick up, with monthly year-on-year growth of retail sales turning from negative to positive, the Securities Times reported today. In July, the total retail sales of consumer goods reached 322.3 billion yuan, down 1.1% year-on-year, 0.7 percentage points lower than that in June. According to consumption types, catering revenue was 328.2 billion yuan, down 11.0%; commodity retail sales was 2892 billion yuan, with a growth rate of 0.2% from negative to positive for the first time in this year.
Xi’an wholesale market import shrimp products detected new crown, official said no one confirmed (Caixin)
According to caixin.com yesterday, the seafood products with new coronavirus detected in the wholesale market of Xi’an city were some samples of frozen raw South American white shrimp in Ecuador, and the customs had detected the virus in early July; on August 12, Xi’an city had tracked and controlled a person closely contacted with the positive case, and government officials said the positive case was from other provinces; the person in charge of the seafood market involved said the positive case was the positive disease Examples have nothing to do with the market. At present, the detection and isolation of external environment and employees are in order, and Xi’an will release the specific situation in the future.
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