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1 point   posted on 03/19/09
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Same Coca-Cola Manipulation in Czech Republic


From Bloomberg: "China Huiyuan Juice Group Ltd. plunged by a record 53 percent in Hong Kong trading after Chinese regulators blocked Coca-Cola Co.’s $2.3 billion takeover bid for the country’s biggest domestic juicemaker."

During privatization in the Czech Republic, Coca-Cola announced a bottling and distribution deal for the country's second largest city, Brno, with a company named Fruta Modrice.

Of course, Fruta Modrice's share price skyrocketed.

After enough normal people got sucked into buying Fruta Modrice shares on the basis of this "good news", Coca-Cola announced that they were terminating the agreement because Fruta Modrice's bottling equipment wasn't up to standards. (Didn't Coca-Cola check the equipment **before** announcing the deal?)

The situation with China Huiyuan Juice Group's shares seems very similar.

  Related to:  
KO The CocaCola Company


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