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No buyers for bankrupt Shanghai chocolate maker. (Newsletter).(Shanghai Coline Cocoa Products)(Brief Article)

Candy Industry

| March 01, 2002 | COPYRIGHT 2008 BNP Media. (Hide copyright information)Copyright

Despite encouragement from the auctioneer, China's first wholly overseas-owned and now bankrupt company, Shanghai Coline Cocoa Products, failed to elicit any bids for the company's assets, which includes Asia's largest chocolate production facility (100-million ton annual capacity). Although there were 10 interested buyers, the bidding …

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