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Danone threatened to file lawsuit

(China Daily)
Updated: 2007-07-02 10:27

A minor shareholder of a Chinese dairy maker sent a lawyer's letter to Groupe Danone, threatening to file a lawsuit against the French food and beverage giant for allegedly causing hostile competition and hurting other shareholders by investing in multiple Chinese beverage companies.

H&J Vanguard, a Beijing-based consultancy that owns 100 shares in Bright Dairy & Food Co, yesterday urged Danone, deeply embroiled in a legal dispute with its Chinese partner Wahaha, to "correct" its behavior and stop hurting the interets of other shareholders.

(China Daily 07/02/2007 page3)