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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Though SIPI may sell its crown jewel, its share price still rises. The upward trend of SIPI’s shares is due to its sales with Brilliance Group on Feb 6.

After hitting the peak point of 14.15 yuan last Friday, SIPI shares ended with 13.21 yuan a share.

Approved by the shareholders of SIPI, the 1.06 billion yuan’s sale between its subsidiary and Brillance will be helpful for its core pharmaceutical business. It is said that SIPI’s subsidiary has owned 21.17% stake in Hong Kong-listed Lianhua. Read more…

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