Want Want China
|Type||Privately owned company (Taiwanese enterprise)|
|Traded as||(SEHK: 151)|
|Key people||Mr. Tsai Eng-Meng, Chairman and CEO|
|Products||snack foods, beverages|
|Parent||Want Want Holdings|
|Website||Want Want China Holdings Limited|
Want Want China Holdings Limited is the largest maker of rice cakes and flavored milk in China. It is also engaged in the manufacturing and sales of snack foods and beverages. The company's parent company is Want Want Holdings in Taiwan.
The company was established in 2007. It is incorporated in the Cayman Islands and headquartered in Shanghai. It was listed on the Hong Kong Stock Exchange in 2008 with its IPO price of HK$3.0 per share. According to Bloomberg, its largest shareholder is the founder Tsai Eng-Meng, and second largest is Iwatsuka Confectionery, based in Nagoya. The rice cracker products the company sells in China, especially the fried rice crackers, have been very popular in Japan for years. Iwatsuka's indispensable contribution to Want Want China's success story was well described in a book. Rice cracker, as a food category, originates in Japan.
In 2010, the company saw a 5% increase in profits and net income had risen from $312.6 million to $358.5 million. Want Want China also reported that sales had risen 31% to $2.24 billion. In 2011 it announced a tie up with Marubeni, according to the Mainichi Shinbun.
Acquisition of China Network Systems
In July 2012, Want Want China acquired China Network Systems Co (CNS).
- Want Want China Holdings Ltd.
- Want Want Holdings to list in Hong Kong on Mar. 25
- Want Want Shares Fall in Hong Kong Debut
- Bloomberg source
- Want Want Group - products, Amazon Japan
- "Want Want China Net Rises 15% on Demand for Snacks, Milk - Bloomberg". bloomberg.com. 2011 [last update]. Retrieved 19 May 2011.
- "NCC to consider holding hearing for Want Want purchase". China Post. Retrieved 18 February 2013.