Newsletter
Weather
Community
English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
China
World
Opinion
Business
Sci-Edu
Culture/Life
Sports
Photos
 Services
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 Search
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping




Home >> Business
UPDATED: 10:22, June 22, 2007
Danone talks go nowhere
font size    

SHANGHAI: French food giant Groupe Danone SA held emergency board meetings yesterday with new directors appointed by its Chinese joint venture partner Wahaha that ended without a breakthrough, the Chinese beverage maker said yesterday.

The Chinese directors, who were appointed after the departure of Zong Qinghou, chairman of the 39 joint ventures between Wahaha and Danone, did not reach any agreement with Danone yesterday. They also claimed the French company "laid a trap" and "ignored the rights of Chinese side board members".

Wahaha, China's largest drinks producer, said yesterday that the Danone's appointment of a new chairman to the deteriorating joint ventures was illegal.

The Paris-based company appointed Emmanuel Faber as the joint ventures' interim chairman after Zong resigned earlier this month amid a bitter feud with Danone.

"There were no discussions during the meeting. (Danone) merely took out a prepared resolution and demanded Chinese board members sign it," said several board members, who remained anonymous. "The board meetings broke up without achieving any substantial results."

In a statement yesterday, Wahaha said the Chinese directors refused to accept Faber as their new chairman.

Source: China Daily


Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this



"Olympic Games in My Heart" English Contest

   Recommendation
- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News
- Wahaha says its arbitration application accepted over trademark dispute with Danone

- Zong demands an apology

- Workers rally behind Wahaha

- Danone says amicable resolution to dispute with Wahaha still possible

- Danone and Zong part ways

- Danone takes firms to court in US

Manufacturers, Exporters, Wholesalers - Global trade starts here.

Dic

Versions:
Copyright by People's Daily Online, all rights reserved