Wahaha rejects Danone’s new cooperation plan

Chinese beverage giant Wahaha Group has rejected a new cooperation plan put forward by French food group Danone.

Danone proposed the two companies merge all their businesses to form a new company that will eventually be listed on the share market. Danone and Wahaha would each hold 40% of shares in the new company, leaving the remaining 20% as public shares.
Danone wants to ensure at least 50 billion yuan (