After the Chinese government blocked Coca-Cola’s $2.4 billion bid for China Huiyuan Juice  Group Ltd, Huiyuan’s share price had a sheer drop in Hong Kong on March 19, 2009.

Huiyuan’s shares dropped by HK$3.49 per share, or 42.05%, to close at HK$4.80 apiece. In early trading, the company’s shares dropped 53% at one point to the day’s lowest level of $3.88. After having been suspended since March 11, 2009, the stock continued trading on March 19, 2009.

The recent price fall was in a sharp contrast to its performance in the past several months after the announcement of the Coca-Cola bid. Huiyuan’s shared price had doubled since September in 2008 after the beverage giant of America offered a deal of HK$ 12.2 in cash for each of Huiyuan’s listed Read more…

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Rather than learning lessons from the failure of the US President Barack Obama’s announcement, aiming to end the America’s “Gilded Age”, of compensation caps on financial companies, some Chinese State-owned financial companies still go on with their risk of stirring the public with their thumping executive packages.

Guotai Jun’an Securities Co, one of the largest brokerages in China, is the very firm that the public attack most, as it’s reported that, for Read more…

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China, company, compensation, economy, expense, failure, risk