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DAIRY GIANTS IN BEIJING AND SHANGHAI ESTABLISH JOINT VENTURE

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Dairy Giants in Beijing and Shanghai Establish Joint Venture

SHANGHAI, Aug 19, 2003 (SinoCast via COMTEX) -- China's domestic dairy market with an annual growth of 30 has invited more and more investors to tap into the dairy industry although domestic dairy giants complain of the declining profit rate.

Recently, two domestic dairy giants, Beijing Sanyuan Dairy Industry Co., Ltd. and Shanghai Jiaoda Only Co., Ltd., entered a joint venture, Shanghai Sanyuan Only Nutritious Foods Co., Ltd. Shanghai Jiaoda Only Co., Ltd. owns a 51 equity in the joint venture.

The relevant official for Shanghai Jiaoda Only Co., Ltd. points out in an interview that the company has chosen ...

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