Zhu Xinli, founder and chairman of China Huiyuan Juice Group Ltd., has agreed with SAIF Partners to integrate the upstream assets with the listed company, a source close to Zhu says.
The company will announce further details soon, the source close to Zhu said.
The upstream assets, controlled by Zhu personally, refer to companies involved in fruit planting and making juice concentrate.
Huiyuan Juice, a major fruit and vegetable juice producer, listed in Hong Kong in 2007. The public company only engages in downstream businesses, name bottling and sales.
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Qu Yunxu and He Chunmei via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/tDIIU7YGlSE/
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