|Nov 17, 2017|
|Nov 17, 2017|
Currency in HKD
|Full time employees:||65,182|
Tingyi (Cayman Islands) Holding Corp. engages in the production and distribution of instant noodles, beverages, and instant food products. It also manufactures, bottles, packages, distributes, and sells PepsiCo nonalcoholic drinks in the PRC. The company was founded in 1992 and is headquartered in Shanghai, China.
Tingyi (Cayman Islands) Holding is a major Taiwan-based food and beverage maker. It is a subsidiary of Taiwan's Ting Hsin International Group, which operates businesses in such fields as retailing, telecommunications and property development.
In China, Tingyi instant noodle products control nearly half the market. In beverages, its ready-to-drink teas, such as those under its Master Kong brand, account for at least 50% of the market, and its Fresh Daily C juice has a share of over 20% of the juice market. Its carbonated drinks hold the second-largest share in China after Coca-Cola of the U.S.
The conglomerate was established in Tianjin, China, in 1991. It started making instant noodles in 1992 and formally launched its beverage business in 1996. In 2012, it acquired the Chinese carbonated-beverages unit of U.S. company PepsiCo.
In 2015, the company agreed to manufacture and distribute ready-to-drink products for U.S. coffee giant, Starbucks, throughout mainland China.
As of the end of 2014, it had 582 sales offices and 77 warehouses in China supplying products to about 120,000 retailers.
Tingyi also has strong corporate links with Japan. Trading house Itochu and Asahi Group Holdings, which owns Asahi Breweries, hold stakes of 18.7% and 6.5%, respectively, in Ting Hsin International, while Tingyi is one-third owned by Japan's Sanyo Foods, a major instantnoodle maker.
Asahi Group Holdings also owns 30.4% of Tingyi-Asahi Beverages Holding, a subsidiary of Tingyi Holding that also operates joint ventures with other Japanese players, such as ketchup maker Kagome and major snack maker Calbee.
In the news
H-share index posts biggest decline in three weeks after China economic data
November 14, 2017 8:11 pm JST
November 14, 2017 7:57 pm JST
Tencent ends just shy of record, but Chinese energy companies decline
November 13, 2017 8:35 pm JST
November 13, 2017 7:29 pm JST
Japanese beer maker rebalances assets after major acquisitions
October 26, 2017 6:05 am JST
Investors welcome move, shares rise in Tokyo and Hong Kong
October 13, 2017 11:07 am JST
- Local currency
- US Dollar
|Income before tax||2,885.95M|
|Dividends per share||0.12|
|Operating cash flow||9,192.36M|
Currency in HKD
|Income before tax||371.78M|
|Dividends per share||0.01|
|Operating cash flow||1,184.20M|
Currency in USD
- Chief Executive Officer: Chun-Hsien Wei
- Chief Financial Officer: Kuo Wei Liu
- Chief Research & Development Officer: Richard Chen
- Chief of Staff: Jammy Xu
- Chief Auditor: Wilson Wu
- WEI FAMILY(33.6%)
- Sanyo Foods Co., Ltd. (Tokyo)(33.5%)
- Genesis Investment Management LLP(2.6%)
- Eastspring Investments (Singapore) Ltd.(1.4%)
- Hermes Investment Management Ltd.(1.1%)
- Invesco Hong Kong Ltd.(0.8%)
- The Vanguard Group, Inc.(0.7%)
- BlackRock Fund Advisors(0.6%)
- Norges Bank Investment Management(0.6%)
- Macquarie Investment Management Business Trust(0.5%)
- Website: http://www.masterkong.com.cn
- Address: 1688 Wuzhong Road, Minhang District, Shanghai, 201103, China
- Phone: +852 2511 1911
Copyright © 2017 FactSet Research Systems Inc. All rights reserved.