{"id":13292,"date":"2007-06-19T11:58:07","date_gmt":"2007-06-19T18:58:07","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/2007\/06\/19\/chinas-bright-dairy-shareholder-may-sue-danone-over-multiple-holdings-forbes\/"},"modified":"2007-06-19T11:58:07","modified_gmt":"2007-06-19T18:58:07","slug":"chinas-bright-dairy-shareholder-may-sue-danone-over-multiple-holdings-forbes","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2007\/06\/chinas-bright-dairy-shareholder-may-sue-danone-over-multiple-holdings-forbes\/","title":{"rendered":"China&#8217;s Bright Dairy Shareholder May Sue Danone Over Multiple Holdings &#8211; Forbes"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" alt=\"images.jpg\" src=\"\/wp-content\/uploads\/mt-old\/images.jpg\" width=\"93\" height=\"134\" \/><\/p>\n<p>Danone, the French food company which is tussling with China&#8217;s largest drinks maker Wahaha over <a href=\"\/2007\/06\/wahaha_in_danone_arbitration_move_bbc_news.php\">a brand dispute<\/a>, may meet more setbacks as Bright Dairy &#038; Food, another well-known dairy and drinks company in China, announced it may sue Danone. The Forbes magazine website reports.<\/p>\n<p>From Forbes:<\/p>\n<blockquote><p>A shareholder in China&#8217;s <a href=\"http:\/\/www.brightdairy.com\/e_main\/index.php\">Bright Dairy &#038; Food (SHA 600597) <\/a> said it may sue Groupe <a href=\"http:\/\/en.wikipedia.org\/wiki\/Groupe_Danone\">Danone <\/a>, claiming that the French company&#8217;s multiple holdings in Chinese food companies &#8211; including Bright Dairy &#8211; run counter to the interests of shareholders.<\/p>\n<p>H&#038;J Vanguard Research and Consulting, which holds an unspecified stake in Bright Dairy, said in a notice published on the official China Securities Journal that Danone holds interests in seven Chinese food companies, including 51 pct of a joint venture with <a href=\"http:\/\/en.wikipedia.org\/wiki\/Wahaha\">Wahaha Group <\/a>, 49 pct of a joint venture with <a href=\"http:\/\/en.wikipedia.org\/wiki\/Mengniu\">Mengniu Dairy Co (HK 2319) <\/a>, 24.3 pct of <a href=\"http:\/\/www.huiyuan.com.cn\/en\/about\/\">Huiyuan Beverage and Food Group Co (HK 1886) <\/a> and 20 pct of Bright Dairy.<\/p>\n<p>Danone spokesmen quoted in media reports today said they have not received formal notice of legal action. <a href=\"http:\/\/www.forbes.com\/afxnewslimited\/feeds\/afx\/2007\/06\/18\/afx3833372.html\">[Full Text] <\/a><\/p><\/blockquote>\n<p>-for more information about the struggle between Danone and it&#8217;s Chinese partners, see CDT hot topic <a href=\"\/wp-content\/uploads\/mt-old\/tag\/danone\">Danone<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Danone, the French food company which is tussling with China&#8217;s largest drinks maker Wahaha over a brand dispute, may meet more setbacks as Bright Dairy &#038; Food, another well-known dairy and drinks company in China, announced it may sue Danone. The Forbes magazine website reports. From Forbes: A shareholder in China&#8217;s Bright Dairy &#038; Food [&hellip;]<\/p>\n","protected":false},"author":31,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[4987,5030,4757],"class_list":["post-13292","post","type-post","status-publish","format-standard","hentry","category-economy","tag-danone","tag-legal-disputes","tag-wahaha","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China&#039;s Bright Dairy Shareholder May Sue Danone Over Multiple Holdings - Forbes<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2007\/06\/chinas-bright-dairy-shareholder-may-sue-danone-over-multiple-holdings-forbes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China&#039;s Bright Dairy Shareholder May Sue Danone Over Multiple Holdings - Forbes\" \/>\n<meta property=\"og:description\" content=\"Danone, the French food company which is tussling with China&#8217;s largest drinks maker Wahaha over a brand dispute, may meet more setbacks as Bright Dairy &#038; Food, another well-known dairy and drinks company in China, announced it may sue Danone. The Forbes magazine website reports. 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