Sector Dynamism Strong But Uni-President Denies Huiyuan Interest

Taiwanese food and beverage company Uni-President Enterprises has denied rumours that it is planning to increase its 5% stake in Chinese beverage firm Huiyuan Juice. Huiyuan's share price soared to a four-month high after reports that Uni-President was going to take advantage of newly relaxed laws governing Taiwanese investment in China to further build its mainland soft drinks footprint. Despite Uni-President's denial, the fact that China's dynamic soft drinks sector remains a hotbed of mergers and acquisitions and expansion activity means that the rumours surrounding Huiyuan might not yet calm

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