the firm’s annual report.
Swire operates 11 plants in seven provinces including Guangdong and Fujian. In the first half of the year, attributable profit from itsChina beverage business was HK$119 million ($15.3 million), a 51 percent drop from a year earlier due to the country’s economic slowdown.
Shares of China Foods have declined almost 11 percent this year, while Swire Pacific has dropped 0.8 percent.
According to its half-year