Want Want China
Encyclopedia
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 Eng-Meng Tsai, 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. they 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.
Milk
Milk is a white liquid produced by the mammary glands of mammals. It is the primary source of nutrition for young mammals before they are able to digest other types of food. Early-lactation milk contains colostrum, which carries the mother's antibodies to the baby and can reduce the risk of many...
in China
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
. It is also engaged in the manufacturing
Manufacturing
Manufacturing is the use of machines, tools and labor to produce goods for use or sale. The term may refer to a range of human activity, from handicraft to high tech, but is most commonly applied to industrial production, in which raw materials are transformed into finished goods on a large scale...
and sales
Sales
A sale is the act of selling a product or service in return for money or other compensation. It is an act of completion of a commercial activity....
of snack foods and beverages. The company's parent company
Parent company
A parent company is a company that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors; the second company being deemed as a subsidiary of the parent company...
is Want Want Holdings in Taiwan
Taiwan
Taiwan , also known, especially in the past, as Formosa , is the largest island of the same-named island group of East Asia in the western Pacific Ocean and located off the southeastern coast of mainland China. The island forms over 99% of the current territory of the Republic of China following...
.
The company was established in 2007. It is incorporated
Incorporation (business)
Incorporation is the forming of a new corporation . The corporation may be a business, a non-profit organisation, sports club, or a government of a new city or town...
in the Cayman Islands
Cayman Islands
The Cayman Islands is a British Overseas Territory and overseas territory of the European Union located in the western Caribbean Sea. The territory comprises the three islands of Grand Cayman, Cayman Brac, and Little Cayman, located south of Cuba and northwest of Jamaica...
and headquartered in Shanghai
Shanghai
Shanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010...
. It was listed on the Hong Kong Stock Exchange
Hong Kong Stock Exchange
The Hong Kong Stock Exchange is a stock exchange located in Hong Kong. It is Asia's third largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange and the Shanghai Stock Exchange and fifth largest in the world...
in 2008 with its IPO price of HK$3.0 per share. According to Bloomberg
Bloomberg L.P.
Bloomberg L.P. is an American privately held financial software, media, and data company. Bloomberg makes up one third of the $16 billion global financial data market with estimated revenue of $6.9 billion. Bloomberg L.P...
, its largest shareholder is the founder Eng-Meng Tsai, 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. they also reported that sales had risen 31% to $2.24 billion. In 2011 it announced a tie up with Marubeni
Marubeni
is a Japanese trading company, one of the largest general trading companies in Japan.-Offices:*Head Office - 4-2, Otemachi 1-chome, Chiyoda, Tokyo, Japan*Head Office -20-6, Shiba 5-chome, Minato, Tokyo, Japan...
, according to the Mainichi Shinbun.