Tuesday, September 30, 2008

Beijing Sanyuan Foods Company, Ltd

Sanyuan may take over tainted milk brand Sanlu Sanlu Group, at the center of the recent milk food contamination scandal, may go bankrupt and be taken over by Beiijng Sanyuan Food Co, according to media reports on Friday.(China Daily, 09/27/2008)

Beijing Sanyuan Foods suspended pending acquisition announcement The official China Securities Journal cited market sources as saying that Beijing Sanyuan, a second-tier company, may acquire Sanlu Group, the dairy at the center of the contamination scandal, taking the opportunity to become one of the top brands. Shares of Beijing Sanyuan have risen by the 10 pct daily limit in six successive trading days. Its shares closed at 5.59 yuan yesterday. (Trading Markets.com, 09/25/2008)

Company website: http://www.sanyuan.com.cn

Beijing Sanyuan Foods Company, Ltd (Google Finance stock information)

Beijing Sanyuan Foods Company, Ltd Wikipedia

Beijing Sanyuan Foods Co., Ltd. is principally engaged in the manufacture and sale of milk and dairy products, under the brand Sanyuan. The Company’s major products include liquid milk series, powdered milk series and cheese series. The Company distributes its products mainly in the domestic market. During the year ended December 31, 2007, the Company obtained approximately 48% of its total revenue from Beijing City. As of December 31, 2007, the Company had four major subsidiaries/associates.
No.29 Xi Er Qi Middle Road, Haidian District
Beijing, BEJ 100085
China
+86-10-62848020 (Phone)
+86-10-82413213 (Fax)

Officers and directors:
Fuping Zhang, Chairman of the Board, Officer Since: 06/19/2007, Age: 51
Qinggui Yang, Chief Financial Officer, Officer Since: 04/26/2006, Age: 36
Qu Wang, Secretary, Officer Since: 06/19/2007, Age: 34
Jianzhong Xu, Executive Deputy General Manager, Director, Officer Since: 06/19/2007, Age: 52
Lijun Chen, Deputy General Manager, Officer Since: 11/25/2001, Age: 41
Shuqin Lu, Deputy General Manager, Officer Since: 08/23/2006, Age: 41
Liping Niu, General Manager, Director, Officer Since: 12/2004, Age: 52
Xueshan Fan, Director, Officer Since: 07/10/2007, Age: 53
Ling Chang, Director, Officer Since: 08/19/2008
Wuxiang Zhu, Independent Director

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