China Food

Fat brothers microblog apologized, Guangdong KFC promoted double skin milk, Sanquan food raised the price of some products, Zhongjing food raised the ex factory price of products, and chobani made the first public IPO documents


Hot company information and announcement

 

Price increase of some products of Sanquan food

Sanquan food: the promotion policies of some quick-frozen rice flour products and quick-frozen surimi products are reduced or the distribution price is increased by 3% – 10%. (company announcement)

Fat brothers microblog issued a statement of apology: the store involved was closed


On November 18, Hangzhou Pang Ge Liang Catering Management Co., Ltd. apologized on the official microblog, saying that it apologized to consumers for the recent report of the market regulatory authorities on the punishment of the two stores involved in Beijing Pang Ge Liang. At the same time, it said that the stores involved had been closed and the relevant responsible persons had been severely punished. The statement also said that all stores of fat brothers (all over the country) have completed the reconstruction of “sunshine kitchen”. Yesterday evening, some media reported that Beijing fat brother restaurant was sentenced by Fengtai District Market Supervision Bureau to confiscate its illegal income and impose a fine of 500000 yuan, and Liu, its food safety manager, was fined more than 90000 yuan at the same time because of the use of overnight dead crab as live crab and the use of expired deteriorated food materials. (issued by the company)

Guangdong KFC restaurant promotes Cantonese dessert double skin milk


On November 18, Guangdong KFC announced the launch of a Cantonese dessert “k-ji fragrant and smooth double skin milk” jointly with China’s time-honored taotaoju, which will be limited to thousands of KFC stores in Guangdong. KFC said that it would explore the inheritance and innovation of food culture with Guangzhou time-honored brand association in the future. Not long ago, Guangdong KFC also launched a Cantonese classic afternoon tea series such as xidos. (issued by the company)


Mengniu Dairy withdrew 100% equity of Hangzhou Mengniu Dairy


According to industrial and commercial information, on November 16, the equity of Hangzhou Mengniu Dairy Sales Co., Ltd. changed. Inner Mongolia Mengniu Dairy (Group) Co., Ltd. withdrew its investment and held 100% of its shares before withdrawal. After the change, the company is jointly held by Inner Mongolia Mengniu Fangding Industrial Management Co., Ltd. and Ningbo fangdingzhisheng enterprise management partnership (limited partnership), and the shareholding ratio is not disclosed. (national enterprise credit information publicity system)


Ketuo biology denies the price reduction of probiotics supplied to Mengniu


It is reported that Ketuo biology needs to reduce the price of probiotics supplied to Mengniu by 3% every year. In this regard, Ketuo biology said on the investor interaction platform on November 17 that the company and Mengniu Dairy had no relevant provisions on price adjustment in the edible probiotic business contract. (Daily Economic News)


Huabao international proposes to spin off the condiment business and list it on the main board of the stock exchange


On November 17, Huabao International announced that the board of directors was considering the feasibility of proposing to spin off New Generation Global Limited (new generation) or its holding company that may be placed between the company and new generation to be listed on the main board of the stock exchange of Hong Kong Limited. At present, the business considered as the subject matter of the proposed spin off is the production, sales, marketing and distribution of condiments targeting the catering industry. After the proposed spin off, the spin off group will mainly engage in the production, sales, marketing and distribution of condiments in China. In 2018, Huabao successfully acquired the full equity of Jiahao Food Co., Ltd. and its subsidiaries. Its two core products are chicken juice and mustard. (gelonghui)


Zhongjing food raised the ex factory price of some products


Zhongjing food said on the investor interaction platform on November 17 that the company determined the corresponding product price according to the comprehensive study of product cost and market conditions, and has recently raised the ex factory price of some products. (Daily Economic News)


The goal of reaching more than 10000 stores in the next 3-5 years remains unchanged


On November 17, Huang Shanghuang said on the investor interaction platform that the expansion of the company’s stores is continuously advancing. The company’s overall goal of more than 10000 stores will remain unchanged in the next 3-5 years. The company’s Expansion Department will timely adjust its strategy according to the market situation and strive to achieve the goal of expanding stores. (Daily Economic News)


Thomson Beijian lifted the listing and circulation of restricted shares


On November 17, Thomson Beijian announced that the restricted shares would be released and listed on November 22, 2021. The 119 million shares released this time are the shares issued by the company to specific objects in 2020, accounting for 7.0157% of the total share capital of the company. The actual number of shares that can be listed and circulated after the lifting of restrictions is 119 million shares, accounting for 7.0157% of the total share capital of the company. (company announcement)


Jiajia food has raised the price of share products


On November 17, Jiajia food was surveyed by 76 institutions. At the exchange meeting, the company’s board secretary said that in order to achieve the goal of 200 million profit next year and taking into account the current situation of the whole industry, the company adjusted the ex factory price of soy sauce, oyster sauce, cooking wine, chicken essence and vinegar products by 3% ~ 7%, and the new price was officially implemented at 00:00 on November 16. (company announcement)

The listing of Red Star Meiling dairy is still suspended


On November 17, according to the information on the gem issuance and listing audit information disclosure website, because the issuer’s evaluation institution Kaiyuan asset evaluation Co., Ltd. has issued a review report and the internal governance structure of the company has been adjusted, according to the relevant provisions of Article 66 of the Shenzhen Stock Exchange gem stock issuance and listing audit rules, the above suspension disappeared, However, because the issuer’s financial data has not been updated, the issuer is still in the status of suspension of audit. (official website of Shenzhen Stock Exchange)

Yum China has been listed in the Dow Jones sustainable development index in a row

Yum China Holdings Co., Ltd. won one of the highest scores in the catering and leisure industry in the 2021 S & P global enterprise sustainability assessment (CSA), and was included in the Dow Jones sustainable development world index and the Dow Jones sustainable development emerging market index for the second consecutive year. In this selection, yum China scored 75 out of 100 points, 21 points higher than the industry average. Yum China is the only Chinese mainland company to be included in the Dow Jones Sustainability world index. (company announcement)

Coca Cola was included in the Dow Jones Sustainability Index for the sixth consecutive year


Coca Cola European bottler (CCEP) was listed in the Dow Jones sustainable development index for the sixth consecutive year, and obtained the highest scores in the fields of packaging, environmental policy and environmental reporting, social reporting, policy impact and innovation management. The Dow Jones Sustainability index is the world’s leading benchmark for business sustainability. (company announcement)

McDonald’s introduces mcplant in 8 American restaurants


Recently, McDonald’s is conducting a limited time operation test of mcplant vegetable meat hamburger in 8 restaurants in the United States. This product is jointly developed by McDonald’s and beyond meat and is only supplied to McDonald’s. Mcplant has been listed in many overseas markets such as the UK, Denmark, Sweden, the Netherlands and Austria this year. (EconoTimes)


Kafheinz’s major shareholders sold about 30.6 million shares


On November 17, kraft Heinz, an American food company, announced that some affiliated companies of 3G Global Food Holdings LP intended to sell 30596465 ordinary shares. (streetinsider)


Starbucks directors and executives sold a net 160300 shares


On November 17, Starbucks announced the insider trading of the company: Conway Michael Aaron, Culver John, Gonzalez Rachel a, Johnson Kevin R, LIS Angela, Walker Jill and woods Gina sold a net of 160300 shares on November 15, 2021. (flush)


IPO document of Greek yogurt brand chobani


On November 17, chobani, a New York based Greek yogurt brand, announced its initial public offering (IPO) in the United States, which showed that the brand’s net sales increased by nearly 14% in nine months. The company did not disclose the specific terms of the IPO, but Reuters reported in July that the company’s IPO valuation may exceed $10 billion. (Reuters)


Riff, a cold extract coffee producer, completed a seed round financing of $2.5 million


On November 17, riff, a maker of cold extract coffee, completed seed financing of US $2.5 million and obtained investment from 35 people. Riff will use this money to expand its position in the sustainable coffee industry. The company produces cold extracted coffee and “energy + immunity” functional drinks made from coffee peel. (FoodBev Media)


Kellogg launches Pinker wave cornflakes


Kellogg’s Pinker potato chips launched a new wave Corn Flake in the United States. The new product is currently on limited sale in the United States and will be fully on sale in 2022.


Quick reading of food industry information

 

Trembling growth is weak, and the bytiktok domestic revenue growth is significantly reduced.

It is understood that this is the first time that this situation has occurred since the commercialization was started in 2013. ()

Gan Lin was officially listed as the first director of the state Anti Monopoly Bureau


At about 9 a.m. on November 18, the state Anti Monopoly Bureau was officially established at No. 8, Sanlihe East Road, Beijing. The State Council appointed and dismissed state staff, and Gan Lin served as the director of the state Anti Monopoly Bureau, in charge of law enforcement inspection bureau, competition policy coordination department, anti-monopoly law enforcement department I, anti-monopoly law enforcement Department II, price supervision and inspection and Anti Unfair Competition Bureau (regulating direct sales and combating pyramid schemes Office). Gan Lin currently serves as deputy director of the State Administration of market supervision. (cover news)

Jingdong’s revenue in the third quarter exceeded 200 billion yuan

JD’s revenue in the third quarter was 218.7 billion yuan, and the market expected 215.4 billion yuan, 174.2 billion yuan in the same period last year. (Sina Finance)


Kaidu consumer index released the latest report


On November 18, Kaidu consumer index released its latest report. In the 52 weeks ending October 8, 2021, 23 fast moving consumer goods (FMCG) enterprises attracted hundreds of millions of urban households in China. (Kaidu consumer index)


Guangdong market supervision administration announced the third batch of typical cases of “iron fist” action


On November 17, Guangdong market supervision and administration announced the third batch of typical cases of “iron fist” action, including the case of food with non-conforming labels operated by Yikangyuan (Shenzhen) Health Technology Co., Ltd. as follows:

(Guangdong market supervision and Administration Bureau)

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