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)