During privatization in the Czech Republic, Coca-Cola announced a bottling and distribution deal for the country's second largest city, Brno, with a company named Fruta Modrice.
Of course, Fruta Modrice's share price skyrocketed.
After enough normal people got sucked into buying Fruta Modrice shares on the basis of this "good news", Coca-Cola announced that they were terminating the agreement because Fruta Modrice's bottling equipment wasn't up to standards. (Didn't Coca-Cola check the equipment **before** announcing the deal?)
The situation with China Huiyuan Juice Group's shares seems very similar.
Of course, Fruta Modrice's share price skyrocketed.
After enough normal people got sucked into buying Fruta Modrice shares on the basis of this "good news", Coca-Cola announced that they were terminating the agreement because Fruta Modrice's bottling equipment wasn't up to standards. (Didn't Coca-Cola check the equipment **before** announcing the deal?)
The situation with China Huiyuan Juice Group's shares seems very similar.