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August 29, 2015 5:51 PM ET

Beverages

Company Overview of Hangzhou Wahaha Group Co.,Ltd.

Company Overview

Hangzhou Wahaha Group Co.,Ltd. manufactures and supplies food and beverage products. Its product lines include dairy drinks, bottled water, carbonated drinks, bottled tea, juices, canned food, medicine and healthcare products, snacks, infant food, and liquor. The company also provides clothing for kids. It markets its products in China and internationally. Hangzhou Wahaha Group Co.,Ltd. was formerly known as Wahaha Nutritional Food Factory and changed its name to Hangzhou Wahaha Group Co.,Ltd. in 1997. The company was founded in 1987 and is headquartered in Hangzhou, China. It has a network of subsidiaries in China.

No.160

Qingtai Street

Hangzhou,  310009

China

Founded in 1987

Phone:

86 571 8603 2866

Fax:

86 571 8684 6000

Key Executives for Hangzhou Wahaha Group Co.,Ltd.

Founder, Chairman and General Manager
Age: 70
Compensation as of Fiscal Year 2015.

Hangzhou Wahaha Group Co.,Ltd. Key Developments

AC Milan Reportedly To Be Acquired By a Consortium of Five Companies

Associazione Calcio Milan s.p.a. will be acquired by a consortium of five companies from Silvio Berlusconi, according to press agency Xinhua. The five companies, represented by Hong Kong businessman Richard Lee are Dalian Wanda Group Corporation Ltd., Hangzhou Wahaha Group Co.,Ltd., Alibaba Group Holding Limited (NYSE:BABA) and an unnamed Thai company. Fu Yixiang, Vice President of the Italy-China Chamber of Commerce said, none of the companies would be able to afford to pay the necessary €1 billion to purchase the whole of the club. A consortium made up of several big companies will pay for half the billion, while the other half will be collected through crowdfunding.

Hangzhou Wahaha Group Denies Acquisition Of AC Milan

Hangzhou Wahaha Group Co.,Ltd. denied acquisition of Associazione Calcio Milan s.p.a. The billionaire chairman of Chinese drinks maker Hangzhou Wahaha Group Co has knocked back reports he is planning a bid for struggling Italian soccer giants AC Milan, currently controlled by Italy's former prime minister Silvio Berlusconi. Zong Qinghou said “reports in Italian media that he was planning to purchase up to 75% of the Italian team were sheer fiction.” “We have no intention of getting into the soccer sphere, and have not made any contact with AC Milan," Zong Qinghou said on his official Sina Weibo microblog account on April 2, 2015. Reuters could not reach Wahaha for further comment.

Hangzhou Wahaha Group Reportedly Mulls Acquisition Of AC Milan

Hangzhou Wahaha Group Co.,Ltd. reportedly is seeking acquisition of Associazione Calcio Milan s.p.a. “Chinese billionaire Zong Qinghou is preparing an offer to purchase Milan over the course of a three-year plan,” say reports. According to the Corriere della Sera, “the owner of Chinese beverage producer Hangzhou Wahaha Group, Zong Qinghou, nicknamed 'Mr Cola' for his Future Cola drink, may present an offer to President Silvio Berlusconi in the next few days.” The plan would allegedly involve purchasing a minority share of the club as an initial move, with a view to acquiring 75% of the shares within three years.

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