21 Nov 2016 --- On November 19th, COFCO Coca-Cola Beverages Limited, a subsidiary of COFCO Corporation, together with the other two main Coca-Cola bottlers in China and the Coca-Cola Company, reached a definitive agreement to refranchise all existing Coca-Cola bottling operations in China. Upon the completion of the agreement, COFCO and Swire will carve up Coca-Cola’s bottling operations in China, among which, the number of bottling plants run by COFCO will increase from 12 to 18.
