coca-cola | china financial daily

October 16, 2008

Pepsi Layoffs and Achievements & other Pepsi Cola News

Filed under: Financial News — Tags: Coca-Cola, Pepsi-Cola layoffs — Nancy @ 9:44 pm -0700

3300 worldwide Layoffs in Pepsi; Pepsi China claims the company will not be affected by this
Pepsi recently released third-quarter report showed corporate profits fell 10% approximately, so Pepsi Cola will lay off 3300 employees. Yesterday (Oct.16) Pepsi China principal expressed that Pepsi China would not be affected the layoff planning; contrarily, the company would announce the expansion plan of the business.

Pepsi Cola decreased 9% profit while Coca-Cola increased 14% profit
The third-quarter net profit growth of Coca Cola reached 14% with 1890 million USD, while Pepsi Cola reduced 9% with 1580 million USD.

Fuzhou Pepsi-Cola shareholder wants to sell its shares
Fuzhou Pepsi-Cola Beverage Co. Ltd shareholder, China City Limited, wants to transfer 64.1% shares, which is learned from the Fujian Property Rights Exchange by reporter yesterday.

Pepsi Cola disguised to eat off Tianfu, Tianfu Cola hopes to recover their Brand
Yesterday, reporter learned from the informed people that Tianfu Cola Company wanted to send letter to Chongqing Pepsi and hoped them to return Tianfu Cola brand to Tianfu Cola Company. If the talks fail, Tianfu Cola will take legal action to pick back the Tianfu Cola brand.

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September 23, 2008

New Developments Around Us

Filed under: Financial News — Tags: China National Petroleum, Coca-Cola, deposit, export, Huiyuan, Nestle, Olympic, SFC — Nancy @ 8:16 pm -0700

Olympic became the reform and opening-up 30-year history of the development of New Standard

“The Olympic day is when the Chinese take off!” A century ago, a famous patriotic educator Zhang Boling had predicted. Many “Olympic-related” has become a topic of members on behalf of the two-meeting and a focus of discussion.

July export price index fell with a record high imports

A few days ago, a report issued by the General Administration of Customs showed that in July this year, China’s export price index was 108.5, down than June over 2.6 percentage points; imported goods price index was 121.9, higher 1.8 percent than in June, raise 0.1 percentage points than the previous period April, which is a record high.
Nestle has begun to recover melamine milk of Hong Kong and replaced

Nestle to ensure that Chinese consumers with high quality security products

Statement: Nestle firm is fully confident in our products and believe that our all Chinese products didn’t use melamine-doped milk.

Gao Xiqing will be in charge of the SFC, discussing the through-train of Hong Kong stocks

According to sources close to the China Securities Regulatory Commission’s high-level sources, the SFC is going to re-start the discussion of Hong Kong equities through the program, saying that Gao Xiqing in the general manager may take over the post of Chairman of the SFC.

Coca-Cola bought back Huiyuan: Wahaha may become a victim

“Daily News” yesterday from the Coca-Cola Company informed that the company has submitted antitrust review materials about acquiring Huiyuan to the Ministry of Commerce. At the same time, several juice companies signed a letter, calling on the Ministry of Commerce holding a hearing on the acquisition.

Other News:

A: China National Petroleum Group yesterday increased to hold 60 million shares of China Petroleum; and they would increase to hold less than 2% of China Petroleum within the next 12 months. This marks that the central enterprises begin to increase the holdings and buy back shares, while the act of stabilizing the stock in China has been started.

B:The stock market remains to be weak, so the bank deposit has been the first choice for citizen.

C:The prosperity of domestic orders is also appearing the great decline in this quarter, which creates the largest decline in these ten years.

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September 15, 2008

Latest News in China

Filed under: Financial News — Tags: Coca-Cola, earnings, Lehman, Mid-autumn, oil price, QFII — Nancy @ 8:16 pm -0700

Sales Volume increased 20% on Mid-autumn Festival
Yesterday, the reporter learned from the supermarket that the Sales Volume increased 20% approximately on Mid-autumn Festival of 2008.

Huiyuan: Coca cola has not submitted the Application
The vice president and chief financial officer of Huiyuan, Wu Yuqiang said that the only obstacle was to get the approval from relevant authorities, but Coca-Cola has not yet submitted the application in respect of the transaction.

Chinese Communication Service makes 567 million Earnings in this half year
The supplier of Telecommunications supporting service, Chinese Communication Service (00552) yesterday announced that in the first half of this year, the earnings of shareholders reach 567 million yuan, which increases 11.3%.

Other News:

A: In August, there were six foreign investment institutions having been granted QFII qualification.

B:Space Communications announced that the issuance validity of non-publicity issuance stock project had expired, so the project was automatically invalid.

C:International oil prices fell below 100USD, which created the lowest point in these seven months.

D: Lehman Brothers applied for bankruptcy protection, while Merrill Lynch also agreed to be sold to Bank of America with 44 billion USD. The bankruptcy will hit China.

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