date:Aug 23, 2012
Hangzhou Wahaha Group is Chinas largest beverage producer. If successful, it would be the second Chinese company to take over a major Western food brand this year.
In May Bright Food Group, Wahahas biggest rival in China, bought a controlling interest in Weetabix.
China Dailyquoted Zhang Huiming, head of the Enterprise Research Institute at Fudan University in Shanghai, as saying:No doubt, Wahaha has its advantages. It is a leader in the food and drink business in China, and has successful e