China Food

Vitasoy was increased by major shareholders, the Hong Kong food safety center called for the suspension of pickled vegetable products involved, the Supreme Procuratorate exposed the “yuan Renguo case”, and impossible foods appointed a new CEO


Hot company information and announcement

 

Yili’s tender offer for Aoyou has ended, and its shareholding has increased to about 59.17%


Yili announced yesterday that as of 4 p.m. on March 17, its subsidiary Hong Kong Jingang trading Holding Co., Ltd. had received 449 million accepted shares. With a total of 621 million shares held, Jingang commerce and trade holds 1.07 billion shares of Aoyou dairy, accounting for about 59.17% of its total issued shares. Yili and Jingang holdings announced that this offer has been closed and will not be revised or extended. (company announcement)

According to the latest equity disclosure data of the stock exchange, on March 15, 2022, Vitasoy UFJ Financial Group, Inc. increased its holdings of 766000 shares at an average price of HK $12.7819 per share, involving about HK $9.7909 million. After the increase, the shareholding ratio of Mitsubishi UFJ Financial Group, Inc. increased from 17.95% to 18.03%. (gelonghui)

JUNLEBAO shares in two dairy enterprises to complete industrial and commercial changes


According to the industrial and commercial data, JUNLEBAO Dairy Group Co., Ltd. was newly added due to the change of investors in Yunnan Huangshi laisier intelligent dairy and Yunnan Huangshi laisier dairy. Snack generation introduced it,

 

Shun Xin agriculture two kinds of Baijiu price rise


Today, Shun Xin agriculture announcements that the Baijiu liquor is up to 3 yuan to 15 yuan on the basis of the original price, with the net content 500ml as the accounting unit according to the different quality grades. Luzhou Baijiu: raised 10 yuan to 15 yuan. (company announcement)

Qiaqia food appoints Deputy General Manager


Yesterday, Qiaqia food announced that the board of directors agreed to appoint Xu Tao as the deputy general manager of the company, with a term of office from the date of adoption of the board of directors to the expiration of the Fifth Board of directors. (company announcement)

 

Fuling pickled mustard had a revenue of 2.5 billion last year


Last night, Fuling pickled mustard disclosed the annual report of 2021: the operating revenue was about 2.519 billion yuan, a year-on-year increase of 10.82%; The net profit attributable to shareholders of listed companies was about 742 million yuan, down 4.52% year-on-year. (Beijing News)

Peach and plum bread performance retrogression


Recently, Taoli bread Co., Ltd. issued a performance express. According to the express, in 2021, the company’s revenue increased by 6.38% year-on-year, and the net profit attributable to the parent decreased by 13.51% year-on-year. This is the first decline in net profit attributable to the parent company after the company’s listing. (investor network)

The Supreme Procuratorate exposed the “yuan Renguo case”: 1588 bribed gold products and more than 40 people counted them one day and one night

On the evening of March 16, the Supreme People’s Procuratorate released a video on the official microblog, revealing the details of the “yuan Renguo case” of the former chairman of Maotai for the first time. The video shows that in the process of handling the case, more than 40 investigators counted 1588 pieces of gold products, watches, jewelry, calligraphy and painting from yuan Renguo, including rare items such as ivory, as well as some cash such as RMB, US dollars and sterling. It took the investigators one day and one night to complete the count. (Red Star capital Bureau)

Maotai wine responded that it had never issued any bundling policy


In response to the recent rumor that Maotai wine was bundled with “Feitian Maotai” by some merchants due to poor sales, Guizhou Maotai distillery (Group) Changli grape wine industry Co., Ltd. issued a statement on its official website and official microblog, saying that the company had never issued any bundling policy or conducted any bundling behavior. Maotai wine said in the statement that advertisements such as “acting for Maotai wine to enjoy Feitian quota” and “Feitian direct supply” were not released by the company. (36 krypton)

 

According to the Internet, beer enterprises will raise prices, and Yanjing beer and Zhujiang Beer will respond


Recently, the price of raw materials such as wheat has soared, and beer enterprises will raise the price. In this regard, the relevant person in charge of Yanjing Beer Securities Department responded that the company has reduced the possible impact on costs through futures procurement, and has not received the notice of product price increase at present. The relevant person in charge of the Securities Department of Zhujiang Beer responded that since last year, the whole industry has been facing the rise of raw materials. The company will make preparations in advance, reduce costs, increase efficiency and manage procurement, so as to minimize the impact of materials as much as possible. The company has no product price increase plan for the time being, but the above measures are also a way for the company to optimize and increase revenue. (China Securities Network)

“Chadudu” completed ten million yuan Angel round financing


It is reported that the new Chinese fresh fruit tea brand “chadudu” has completed a ten million yuan Angel round of financing, and the investor in this round is Hongxi venture capital. The funds from this round of financing are expected to be mainly used for the construction of digital supply chain system, AI standardization system and store development. It is reported that chadudu will have several stores this month, with the goal of opening 500 stores throughout the year. (36 krypton)

 

Fonterra Anja and Laimei promote fitness activities


Recently, the brand of Hang Lung’s consumer brand team recently joined LesMills, a well-known fitness brand, to launch the tiktok, which is mainly based on the fat skim milk and low fat milk, and will be on the social platform including jitter, WeChat and micro-blog, and Jingdong platform. (issued by the company)

 

Impossible foods appoints new CEO


Recently, plant meat manufacturer impossible foods has appointed Peter McGuinness as its CEO. Peter McGuinness is a former executive of chobani, a yogurt brand.


Fislan plans to integrate two fresh milk businesses


frieslandcampina

 

It is said that Carlyle plans to sell the Italian food ingredient manufacturing brand IRCA for us $1.1 billion


Today, according to two people familiar with the situation, Carlyle Group, a private equity company, has asked investors to submit a bid for IRCA, which valued the Italian food ingredient manufacturer at more than 1 billion euros ($1.1 billion). Sources said that non binding bids are expected to be received in the first half of April. Carlyle and IRCA declined to comment. (Reuters)


Arla is expected to be approved by the EU to sell milk protein hydrolysate peptgen if-3080


Arla foods ingredients is expected to be approved by the EU to sell milk protein hydrolysate peptgen if-3080 in the region in the next 12 months. According to the new safety regulations, peptgen if-3080 is one of the few milk protein hydrolysate components that have received positive evaluation from the European Food Safety Agency (EFSA). After full approval, peptgen if-3080 will be available for infant and follow-up formula sold in the EU. At the same time, Arle can continue to develop new brands of infant formula for EU customers. Unapproved formulations must be withdrawn from the market. (Nutraingredients)


Bobbie, an American milk powder company, received $50 million in round B financing


Recently, Bobbie, an American infant formula company, announced that it had completed a round B financing of US $50 million, which was led by Park West, including more than 100 new investors from existing investors vmg and Nextview and airbnb alumni consortium airangels. (TechCrunch)

 

Rising costs and prices may affect oatly’s profit margin


Recently, it has been reported that the rise in oat prices is particularly likely to put pressure on oatly’s profit margin for a period of time. From the summer of 2021 to March 2022, the price of oat futures contracts almost doubled. (The Motley Fool)


PepsiCo Egypt invested US $5 million to upgrade technical equipment


Mohamed shelbaya, chairman of PepsiCo Egypt, said that the company will provide sales related technology infrastructure plans in 2021

 

Quick reading of food industry information

 

Jiangsu investigation 3.15 party “pothole pickled cabbage”


After the CCTV 3.15 party exposed the problem that “laotan pickled cabbage bag is actually pickled in a pit”, Jiangsu provincial market supervision bureau immediately organized the provincial market supervision department to carry out food safety risk investigation. At present, there are 12 instant noodle production enterprises and 10 food production enterprises with the word “pickled cabbage” in the details of food production license in Jiangsu. It has not been found that the above 22 enterprises have purchased and used the CCTV March 15 evening party to expose the production of pickled cabbage. Jiangsu market supervision


Hong Kong food safety center calls for discontinuation of pickled vegetable products involved


Yesterday, the Hong Kong Food Safety Center said that the center actively followed up the recent media reports that there were incidents of poor hygiene in the production process of pickled cabbage products. The preliminary investigation of the center found that some affected products had been imported into Hong Kong. The center called on local citizens to stop eating the products and the industry should immediately stop using or selling the products if they hold them. (Hong Kong Centre for food safety)

Singapore Hainan chicken rice costs soared, plans to raise prices in the near future


Hainan chicken rice is a national snack in Singapore. However, under the increasing inflationary pressure recently, the price of chicken and the cost of lunch boxes have increased. At the same time, affected by the epidemic, the number of restaurant consumers has also decreased, and there are almost no overseas tourists who originally contributed greatly to the business in the store, which have brought severe challenges to the operation. According to the staff of a restaurant, at present, the restaurant has not laid off staff and has not adjusted the price, but it has made plans to increase the price in the near future. (CCTV)

 

The first listed spac company in Hong Kong failed to offer shares on the first day

Today, Aquila Acquisition Corporation, the first listed special purpose acquisition company (SPAC) in Hong Kong, was listed on the first day, with 19 transactions recorded throughout the day, and the closing price was 3.2% lower than the issue price. (Reuters)

 

Five departments including the central bank: financial support for the high-quality development of Zhejiang and the construction of a demonstration area of common prosperity


Today, the opinions of the people’s Bank of China, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, the State Administration of foreign exchange and the people’s Government of Zhejiang Province on financial support for the high-quality development of Zhejiang and the construction of a demonstration area of common prosperity. It is proposed to support the Shanghai Stock Exchange, Shenzhen Stock Exchange, Beijing stock exchange, National SME share transfer system and other special service mechanisms to jointly build enterprises with Zhejiang, and guide enterprises to accurately connect with the multi-level capital market. (central bank)


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