Zhuhai Zhongfu to ‘Clarify’ Media Report of Coca-Cola Takeover
Zhuhai Zhongfu Enterprise Co. plans to “clarify” a newspaper report that the Chinese bottlemaker may be acquired by Coca-Cola Co. (KO), board secretary Chen Lishang said by phone today.
Zhuhai Zhongfu’s shares were suspended from trading in Shenzhen pending the statement to the exchange, Chen said.
National Business Daily reported yesterday that Coca-Cola aims to acquire Zhuhai Zhongfu, citing rumors posted on blogs. China Resources Holdings Co. may also bid for Zhuhai Zhongfu, according the newspaper, citing rumors.
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