Big corporate events
Investment and financing updates
Interesting & noteworthy new products
Some impressive figures
1. Reckitt Benckiser has signed a deal to sell its Infant Formula and Child Nutrition business in Greater China (including mainland China, Hong Kong, and Taiwan), for $2.2 billion (about 14 billion yuan), to private equity firm Primavera Capital. Read more here.
2. Unilever’s tea business independence plan is well on track. The separation work for the tea business in China will complete in the second half of this year.
3. Chinese premium tea chain Nayuki Tea was officially listed on Hong Kong Stock Exchange on June 30, with JPMorgan Chase & Co., CMB International Capital Ltd., and Huatai International Ltd. as joint sponsors. Nayuki Tea had 491 flagship outlets as of the end of 2020.