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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bid, China, economy, failure, Huiyuan, price, share
Statistics from steel consultancy website mysteel.com show that steel prices have kept on rising since November of last year for 3months.
Zhang Tieshan, the analyst of the website said that the increase of steel prices was attributed to the rebounding demand. The steel products that have increased prices include about 30 sorts.
Zhang said almost all the steel product prices have increased. Read more…
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China, demand, economy, price, steel, supply
The global economy is still on the way of deteriorating, and the signs of distress mounted last Friday. Shares in the US bank Citigroup Inc are plunging; oil prices are falling and the future of US carmakers hanging in the balance.
Given the economic slowdown and turmoil in financial market, the Bank of Japan left interest rates unchanged at 0.3 percent. This shows there is a long way for recovery. Global stock reaching a Read more…
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China, economy, oil, price, respite, sign, U.S.
According to economists, the real causes of the huge spikes in international commodity prices are the weak dollar and speculation rather than the so-called China factor that China’s rapid economic growth has indeed increased demand for commodities in general.
As a recent Economist article points out, the low prices of Chinese products, thanks to its low manufacturing costs, have contributed to stabilizing prices across the globe. “China helped to hold down Read more…
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China, commodities, demand, energy, price
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. 
