China Food

Nongnongshan spring’s share price rose 18% in the past four days. Unilever’s tea business may sell up to 5 billion pounds, heavy beer plans to build a new plant of 1 billion pounds, oatly earned $170 million last quarter, and Suning Tesco’s bankruptcy is rumored


Hot company information and announcement

 


Nongfu mountain spring soared 18% on the 4th, and CICC said it was expected to be selected into the constituent stocks of the Hang Seng Index


Or selected into the blue chips of the Hang Seng Index, nongnongshan spring rose again today, up 18% on the 4th. As of the close, nongnongshan spring reported HK $48.35, up 7.44%, with a total market value of HK $543.8 billion. The Hang Seng Index company is scheduled to announce the results of the third quarter review of the Hang Seng Index after the closing of the market on November 19. The market focuses on the changes of the constituent stocks of the Hang Seng Index. CICC released a research report that nongnongshan spring and others ranked at the top of the Hang Seng Index and may become potential candidates to be included. (large company scan)


Chongqing beer plans to invest no less than 1.03 billion yuan in the construction of beer production base project


Chongqing beer announced that Carlsberg Chongqing Beer Co., Ltd., a holding subsidiary, plans to invest in the construction of beer production base project in Sanshui District, Foshan City, Guangdong Province. The fixed asset investment of the project is not less than 1.03 billion yuan, and the designed beer production capacity is 500000 kiloliters / year. It is expected to be put into operation in 2024. (company announcement)


Guizhou Maotai appoints Jiang Yan to act as the Secretary of the board of directors


On November 15, Guizhou Maotai Liquor Co., Ltd. announced the resolution of the 11th meeting of the third board of directors in 2021, nominated Liu Shizhong as the director candidate of the third board of directors, and appointed Jiang Yan as the deputy general manager and chief financial officer of the company. In addition, Guizhou Maotai also appointed Jiang Yan to act as secretary of the board of directors, and recommended Jiang Yan as a candidate for secretary of the board of directors. (company announcement)

Haitian flavor industry plans to invest 20 million yuan to improve the efficiency of the supply chain


On the evening of November 15, Haitian flavor industry announced that according to the needs of business development, the company plans to invest and set up a wholly-owned subsidiary in Hefei, Anhui Province. The name of the investment object is Anhui Tianyi Trading Co., Ltd., and the investment amount is 20 million yuan. Haitian flavor industry said in the announcement that the investment and establishment of the company will help improve the efficiency of the company’s supply chain and meet the needs of the company’s operation and development. (company announcement)


Ding Dong buys vegetables: the revenue in the third quarter was 6.19 billion yuan, a year-on-year increase of 111%


Yesterday, dingdong shopping released its third quarter performance report as of September 30, 2021. The report shows that dingdong’s revenue in the third quarter was 6.19 billion yuan, a year-on-year increase of 111%; Gmv was 7.02 billion yuan, a year-on-year increase of 107.7%; The net loss was 2.01 billion yuan, compared with 829 million yuan in the same period last year, and the loss expanded year-on-year. (company announcement)


Yinji group plans to carry out financial restructuring to establish a sustainable debt structure


Yesterday evening, Yinji group announced that due to the significant decline in the group’s income for the year ended March 31, 2021, the group’s liquidity level has deteriorated, and the company expects that its liquidity level will continue to deteriorate in the event that global economic activities fail to revive rapidly and significantly. After a thorough review of the available strategic options, the board of Directors believes that the financial restructuring of the company to establish a sustainable debt structure is extremely necessary and critical. In order to promote the financial restructuring of the company, on November 11, 2021, the company submitted a winding up petition and made an application for joint provisional liquidator. (company announcement)

 

Consumers failed to receive the goods after online shopping on the orange heart preferred platform, and Beijing org was fined 300000 yuan


Recently, Beijing aoruiji Trading Co., Ltd. was fined 300000 yuan by Beijing Chaoyang District market supervision and Administration for violating the advertising law. It is understood that Beijing aoruiji Trading Co., Ltd. publishes commodity pictures, words, prices and other advertising contents on the mobile app network platform “orange heart optimization”. From April to may 2021, six consumers complained to the 12345 hotline, which reflected that the parties involved in the goods purchased on the above platform did not deliver goods to consumers, nor reissued and cancelled orders for reasons such as wrong sorting, damaged goods, lost goods, wrong head distribution, etc. (China consumer daily)


Three squirrels respond to consumer complaints: absolutely responsible to the end


Recently, a number of netizens posted that the three squirrel snacks they bought on the double eleventh day had different degrees of mildew, deterioration and other problems. In this regard, the three squirrels responded yesterday that they are absolutely responsible for the problems reflected by consumers. The consumers in this incident have made compensation first, and then sent the returned products for inspection. (21st Century Business Herald)


Suning Tesco responded to bankruptcy rumors: rumors have been reported


On the morning of November 16, Suning Tesco’s official microblog issued a rumor refutation statement, saying that “Suning Tesco declared bankruptcy at the end of December” was a rumor, and the company’s operation was normal. Suning Tesco has reported the case to the public security organ, and the rumor mongers will be investigated for legal responsibility according to law. (Daily Economic News)


New cosmetics retail within the business scope of Xi tea company


The national enterprise credit information publicity system shows that recently, Shenzhen Meixi Catering Management Co., Ltd., an affiliated company of Xi tea, has undergone industrial and commercial changes, and its business scope has increased cosmetics retail. (caijing.com)


Meicai responded to rumors of IPO in Hong Kong: no comment


According to Bloomberg today, Meicai, a fresh e-commerce platform, will choose CICC, Citigroup and Nomura to be responsible for the IPO in Hong Kong, with a fund-raising amount of $300 million to $500 million. In this regard, American food responded: no comment. (Bloomberg, CFA)

“Daily bacteria” completed tens of millions of yuan pre-A round of financing


The cutting-edge health food brand “daily bacteria” announced the completion of tens of millions of yuan pre-A round of financing, which was not disclosed by the investor. This round of financing will be mainly used for R & D investment, supply chain upgrading and channel expansion. The daily probiotics is for refined middle-class women aged 25-35, providing a full range of “probiotics +” products. (36 krypton)


Roolife plans to introduce Chinese distribution partners for premium placement and expand its retail network


Yesterday, roolife Group Ltd, an e-commerce and digital marketing company, disclosed to the market that it signed a term sheet with the joint venture of “China cross border e-commerce trade group” (collectively referred to as “CCTG”), which will be responsible for opening distribution channels for RLG’s product portfolio in China’s retail market. According to the announcement, CCTG will also designate a number of nominees to subscribe for RLG new shares and options at the issue price of $0.026 per share (premium rate of 18%), with a total investment of $1 million. (Aohua Finance Online)

Danone plans to invest 67 million euros in France

According to French media today, Danone plans to invest 67 million euros in the villecomtal sur arros factory in France next year to transform it into a plant-based beverage factory, which will mainly produce oatmeal drinks for alpro brand.


Danone sells Aqua d’Or business in Denmark


Today, Danone announced its agreement to sell its drinking water business Aqua d’Or in Denmark to Royal unibrew, a Danish based wine and beverage company. The sale is part of Danone’s strategic portfolio evaluation and continuous optimization of capital allocation. ()

McDonald’s confirms that it has reached a food distribution cooperation agreement with Uber and doordash


Today, McDonald’s confirmed that the company has reached an agreement with Uber and doordash. (Sina Finance)


It is said that Unilever tea business may be sold for £ 4 billion to £ 5 billion


The financial times yesterday quoted people familiar with the situation as saying that private equity groups, including adventure, Carlyle and CVC, have been bidding for Unilever’s tea business. The business has annual sales of € 2 billion and may be sold for £ 4 billion to £ 5 billion. The second round of bids will expire on Tuesday, but Unilever has said it will retain the option of partnership or IPO. (Financial Times)


Hamburg’s parent company will buy sandwich chain firehouse subs for $1 billion


Yesterday, restaurant brands international, the king parent company of Hamburg, said it would buy the sandwich chain firehouse subs for us $1 billion. The company said the deal complemented its existing fast food brand portfolio. Firehouse subs has more than 1200 restaurants in 46 states, Puerto Rico and Canada. (Reuters)

 

Oatly’s revenue in the third quarter of this year was $171.1 million


Yesterday, oatly announced the third quarter performance report of 2021. The report shows that the company’s revenue in the quarter was US $171.1 million, a year-on-year increase of 49.2%. Revenue growth is mainly due to the company’s additional supply of new products to meet the growing demand worldwide. During the period, the gross profit was USD 44.9 million, with a gross profit margin of 26.2%, compared with USD 36 million in the same period last year, with a gross profit margin of 31.3%. (company announcement)

喜力拟以25亿美元收购南非啤酒制造商Distell


Yesterday, Heineken beer planned to acquire distell Group Holdings NV, a South African wine and spirits manufacturer, at a price of US $2.5 billion, with a proposed offer of R 180 per share. It is said that this is the most important acquisition of the Dutch beer giant since 2018. (Bloomberg)

 

Plant based company plantplus foods disclosed two new acquisitions


Yesterday, ADM and plantplus foods, a joint venture of marfrig, a Brazilian beef producer, reached a final agreement to acquire sol cuisine Ltd (“Sol cuisine”) and dew drink eat well, LLC (“Hilary’s”). Plantplus foods operates plant-based foods in North America, and the transaction is expected to strengthen its market position. (Foodbev)

 

Coca Cola’s European partners invested £ 11 million to advance their commitment to net zero emissions

Yesterday, Coca Cola’s European partner (CCEP) announced that it would invest £ 11 million in British factories as part of its commitment to achieve net zero emissions by 2040. It is reported that CCEP will replace the 200 person material handling equipment fleet with equipment powered by lithium-ion batteries, including some gas powered forklifts. The company said the move would reduce carbon emissions by more than 1500 tons a year. (Foodbev)

 

Quick reading of food industry information

   

 

Nearly 8000 cross-border e-commerce enterprises were added in the first three quarters of this year


According to the “2021 e-commerce industry data report: e-commerce business” released by enterprise survey data research institute recently, 7943 cross-border e-commerce related enterprises were registered in the first three quarters of 2021, with an average growth rate of 90.6% in two years. According to the data of the General Administration of customs, China’s cross-border e-commerce import and export increased by 20.1% in the first three quarters of this year, and the new business form and model of cross-border e-commerce are booming. (China Consumer Network)

 

The interconnection is suspected to be blocked, and the business of panning vegetables in Guizhou is suspended


On the afternoon of November 16, taocai announced that taocai, Alibaba’s community e-commerce platform, had decided to digitally upgrade Guizhou’s service system and suspend regional services in Guizhou in order to bring better experience to consumers and avoid service obstacles caused by interconnection barriers. (First Finance)

 

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