Hong Kong, Aug 10 - China's top juice maker, China Huiyuan Juice Group (1886.HK), warned it may post an operating loss for the first half as sales dropped amid uncertainties surrounding the company's takeover by Coca-Cola Co.
Coca-Cola Co's planned purchase of China Huiyuan Juice was blocked by the Chinese government in March, and a Coca-Cola executive told Reuters in an interview last month that his company was reassessing its strategies to expand in China.
"As the uncertainties associated with the proposed Coca-Cola takeover offer have been cleared as a result of its lapse and the economic benefits of the implemented restructuring initiatives will gradually crystallize, it is expected that the operation and financial performance of the Group will improve in the second half of the year as compared with the first half," Huiyuan said in a statement to the Hong Kong stock exchange late on Friday.