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Coca-Cola considers listing in Shanghai

Coca-Cola considers listing in Shanghai
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First Published: Thu, Jun 02 2011. 03 14 PM IST
Updated: Thu, Jun 02 2011. 03 14 PM IST
Hong Kong: Coca-Cola Co , the world’s largest soft-drink company, is interested in a possible listing on the proposed international board on the Shanghai Stock Exchange, Hong Kong Economic Journal reported on Wednesday.
“We are interested in exploring the opportunity of listing our stock on the Shanghai exchange,” the newspaper quoted Geoff Walsh, public affairs and communications director for Asia Pacific of Coca-Cola, as saying.
“We continue to have positive discussions with Chinese government officials as we look at this opportunity,” Walsh said. The paper gave no further listing details.
Coca-Cola’s officials were not immediately available for comment.
Coke has said it will commit $2 billion in investment into China and last October opened three new plants in Inner Mongolia, Henan and Guangdong.
The New York Stock Exchange is working with China to launch the country’s international board that will allow foreign firms to list on the mainland, in a move seen as a crucial step in developing its capital markets.
HSBC , Unilever and Standard Chartered Plc have said they want to list on the international board, which was originally slated to be launched in 2010.
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First Published: Thu, Jun 02 2011. 03 14 PM IST