The Coca-Cola Co of Atlanta, Georgia, produces the popular carbonated soft drink, often referred to as “Coke”, that was invented in the late 19th century. Based on Interbrand's best global brand 2011, Coca-Cola was the world's most valuable brand.
Warburg sold US$2.3m of Huiyuan bonds
China Huiyuan Juice Group says one of its pre-listing cornerstone investors, Warburg Pincus, has sold only US$2.3 million of its US$73.3 million worth of convertible bonds and not the whole amount, as had previously been reported. The bonds are due on June 28, 2011. The company also says chairman and controlling shareholder Zhu Xinli has no intention to reduce his stake. In March, Beijing blocked Coca-Cola's HK$19.65 billion takeover of the juice maker. Huiyuan's shares rose 1.01 per cent to HK$6.02 yesterday after falling 8.31 per cent on Tuesday.