Haidilao Zhang Yong and his wife are still the richest men in Singapore (Interface)
Compared with last year’s Singapore rich list, the fortune of Chinese billionaire Zhang Yong and his wife has increased by $5.2 billion, still ranking first, Forbes said on the 20th. His wife, Shu Ping (co-founder and director of Haidilao), merged with him on the list this year.
Nongfu Shanquan’s IPO in Hong Kong has been subscribed by important cornerstone investors, and the issuance scale will be less than 4% (Unicorn has known for a long time)
According to unicorn, Nongfu Shanquan plans to start offering shares next Monday, tentatively listing on September 8, raising about $1 billion (about HK $7.8 billion), with CICC and Morgan Stanley as its co sponsors. The IPO scale of Nongfu Shanquan in Hong Kong is less than 4% of the market value, and there are important cornerstone investors who have taken away a large proportion of the issuance scale, and the proportion of investors available for subscription will be further reduced.
Xicha and Tsinghua Environmental Innovation Institute join hands (company news)
According to Xicha’s announcement today, in response to the “new plastic restriction order”, Xicha has signed a cooperation plan with Suzhou Environmental Innovation Research Institute of Tsinghua University. Xicha will rely on the professional technical strength of Tsinghua environment, turn the new law into action on time and according to quality, implement it into daily operation of the company, and improve the overall green development level. At present, Xicha has more than 500 stores in 49 cities around the world. As of June 2020, one third of consumers of Xicha have used paper straws, and more than 11 million plastic straws have been reduced in stores across the country.
Mengniu said the approval of Australian acquisition is still in the process (Foodbev, xiaoshidai)
According to the Australian financial review, the Australian government may prevent Mengniu from acquiring lion dairy & drinks Pty Ltd, a dairy and beverage company controlled by Japan’s Kirin. The deal comes after the country’s competition regulator approved the deal in February. In response to the news, Mengniu responded to xiaoshidai today: “transaction approval is still in the process.”
Mengniu China Dairy Industry Park 80000 dairy farm breeding and integration project settled in Helin county (Helinger County People’s Government)
According to the people’s Government of Helinger County on the 18th, the project of planting, breeding and processing of 80000 dairy farms in China Dairy Industrial Park of Mengniu is planned to invest 2.8 billion yuan. The construction will start in August this year, with the first and second phases covering a total area of 2074 mu. After the completion of the project, the daily output of fresh milk is 1200 tons, which can greatly alleviate the problem of milk shortage of Mengniu and other dairy enterprises, and promote the upstream and downstream related industries.
Mengniu Ningxia set up a wholly owned subsidiary (national enterprise credit information publicity system)
According to the information from the national enterprise credit information publicity system, Mengniu Dairy (Lingwu) Co., Ltd. was registered in Yinchuan City, Ningxia, and was established on August 18, 2020. The person in charge is Wu Huiming, and the registered capital is 200 million yuan.
Yuanqi forest set up a wholly owned subsidiary in Tianjin (national enterprise credit information publicity system)
According to the information from the national enterprise credit information publicity system, Yuanqi forest (Tianjin) beverage Co., Ltd. was registered in Tianjin and was established on August 18, 2020. The person in charge is Li Bingqian, with a registered capital of 100 million yuan.
Fiji kava, a healthcare company, enters the Chinese market for the first time (Aohua Finance Online)
Fiji kava, a health care company, has signed an exclusive sales agreement with pumate (Shanghai) Limited in China, with a minimum sales volume of $8 million in the initial three years, Aohua Finance Online reported.
Plant based artificial meat brand “Hey Maet” completed nearly 10 million yuan seed round and angel round financing (36 krypton)
According to 36 krypton reports today, the new domestic plant-based artificial meat brand “Hey Maet” has recently completed the seed round and angel round financing of nearly 10 million yuan. The investors are Shuangta food, uphonset capital of Silicon Valley and Tiantu capital. This round of financing will be mainly used for technology research and development, laboratory construction, channel development and brand promotion. According to reports, hey Maet was established in 2020 after the outbreak of the epidemic. It is a Chinese vegetable meat brand, providing customers with hamburger cakes, Chinese and Western sausage, minced pork, ground beef, beef nuggets, chicken nuggets and other plant meat products.
Information to be received for approval document (decision) of 1 type of enolit medical food (State Drug Administration)
Yesterday, the State Drug Administration released the approval document (decision letter) of ainoli electrolyte formula for special medical purposes, and the applicant was Tibet Duoxin Health Technology Co., Ltd.
Income of Sanquan food increased by 22.6% in the first half of the year (company announcement)
Yesterday evening, Sanquan food released the 2020 interim report. During the reporting period, the company’s operating revenue was 3.730 billion yuan, up 22.60% year-on-year, and the total profit was 564 million yuan, with a year-on-year increase of 474.92%. According to the report, the company has continuously improved its market share and market competitiveness by optimizing its internal mechanism, adjusting its product structure, improving its channel quality, promoting its brand strategy, strengthening its research and development of new products, strengthening food safety monitoring, and controlling costs and expenses, and at the same time, its profit rate has been better restored.
COFCO packaging revenue fell 8.3% in the first half of the year (Zhitong finance and Economics)
COFCO packaging announced today that in the six months ending June 30, 2020, the group achieved revenue of 3.377 billion yuan, a year-on-year decrease of 8.3%, and a net profit of 183 million yuan, a year-on-year increase of 7.4%. According to the announcement, the main reason for the decline in revenue was the decline in market demand caused by the impact of the epidemic in the first quarter, while the increase in profits was mainly due to the impact of the increase in gross profit margin and the decrease in expense rate.
Zhongjing food gem IPO submitted for registration (Shenzhen Stock Exchange)
According to the information disclosed by the Shenzhen Stock Exchange, Zhongjing Food Co., Ltd. submitted for registration yesterday and formally entered the registration process. According to the prospectus, the business income of Zhongjing food from 2017 to 2019 was 517 million yuan, 530 million yuan and 628 million yuan respectively, and the net profit after deducting non attributable parent company was 71.263 million yuan, 73.462 million yuan and 85.8805 million yuan respectively. The funds to be raised by the company will be used for the annual production of 30 million bottles of sauce, the annual output of 1200 tons of seasoning ingredients production line construction projects, as well as the construction of marketing network, supplement of working capital, etc.
According to Tianyan investigation, Huishan dairy added a new information about the person to be executed, with the object of execution of 1.79 million yuan. The enforcement court was the people’s Court of Shenyang Shenbei New District, and the case number was (2020) Liao 0113z No. 2173. Industry insiders believe that after being listed as executor, Huishan dairy’s debt burden will be further aggravated.
Hainan coconut group recruitment: take real estate as mortgage, promise to serve in “coconut tree” for life (Sina Finance and Economics)
Coconut Group Co., Ltd., one of China’s top ten beverage companies, recently released a recruitment information to recruit talents from “coconut tree training vocational manager school”. The general manager has a million year salary, villa award, bonus share award and sea view room award. According to the recruitment conditions, candidates should promise to serve in coconut trees for life. To write a letter of commitment, commitment to the real estate as a mortgage, leaving the “coconut tree” to real estate repayment. It is reported that the requirement to mortgage the property is to prevent “coconut” as a springboard, as “gilded”, and to change jobs after learning experience.
Former chairman of Maotai responds that young people don’t drink Maotai: it’s that they haven’t grown up (Sina Finance and Economics)
Ji Keliang, former chairman of Guizhou Maotai, said on August 20 that young people do not drink Maotai liquor. It is not yet time for them to drink Maotai liquor. They are still playing in their 20s. Children are not sensible and do not know that they need good wine.
Origen signs contract with tiandi-1 strategic cooperation project (company news)
On the morning of August 13, oregin Technology Co., Ltd. and Tiandi No. 1 Beverage Co., Ltd. signed a strategic cooperation agreement at the headquarters of Tiandi No. 1 group in Jiangmen City, Guangdong Province. The two sides plan to adopt the “close to type” and “complementary type” construction mode to jointly construct the can project in Jiangmen.
Nestle brand Nespresso invests in coffee Renaissance Project (company news)
Yesterday, Nespresso announced a long-term commitment to revive the coffee industry in the Democratic Republic of Congo (DRC). The program’s first organic coffee, kahawa Ya Congo, launched in the United States in 2019, aims to restore coffee production in its threatened areas, allowing some coffee connoisseurs to discover some of the rarest quality coffees.
Diageo’s acquisition of shares in Siegfried, a gin brand
According to foreign media reports yesterday, Diageo, through its distill ventures, has made a small investment in Rheinland distiller, the maker of Siegfried brand in Germany. Founded in 2014, Rheinland distiller is the manufacturer of Siegfried Rheinland dry gin and its non-alcoholic alternative Siegfried wonderleaf.
Mars introduces full price prescription wet food for dogs and cats (AP)
On August 18, Royal pet food held the Royal scientific nutrition conference and cloud listing meeting of prescription wet food. At the conference, 9 full price prescription wet food products were launched, covering urinary tract, kidney, digestive tract, diagnosis and treatment and rehabilitation period. According to reports, this series of products aims to provide a more comprehensive nutritional strategy for dogs and cats in the treatment period according to the various dietary needs corresponding to different symptoms of dogs and cats.
Sam’s first lactobacillus milk mooncake (AP)
In order to meet members’ needs for gifts and parties on the eve of the Mid Autumn Festival, Sam has created a number of private brand member’s mark gift boxes, including lactobacillus milk yellow moon cakes, and made use of the convenient pre-sale and distribution service of Omni channel platform to let members taste the fresh food in advance.
Penfolds launches “full moon limited series” (AP)
Penfolds Penfolds launched a limited full moon collection to celebrate the upcoming Mid Autumn Festival, including blend 10 2018 Barossa Valley Shiraz kunawala Cabernet Sauvignon and century vines 2018 Penfolds Penfolds centenary Barossa Valley Shiraz.
Canadian food company suspends pork export to China due to new crown
China’s novel coronavirus pneumonia company, a Canadian meat manufacturer, said it had decided to suspend pork exports to China because of the positive detection of new crown pneumonia in a factory in 18, according to overseas news August 20th. The company said in a statement that it was actively complying with China’s new regulations for Canadian processors, requiring any factory with new coronavirus infection to suspend exports to China. At present, the company has voluntarily suspended pork exports to China.
Liquor industry’s net profit will decline for the first time in seven years (AP)
Reese strategic positioning consulting released the 2020 China spirits market analysis report, which pointed out that China is the world’s largest consumer of spirits. In 2019, China’s consumption of spirits was nearly 600 billion yuan, and the annual consumption was about 5.2 billion liters. In 2020, the net profit of liquor industry will decline for the first time in seven years.
6 batches of food samples failed to pass the sampling inspection (State Administration of market supervision)
On August 18, the State Administration of Market Supervision announced the disqualification of six batches of food, involving five categories of food, including pastry, fried food and nut products, convenience food, bee products and fruit products. Details are as follows: