Two Japanese beverage manufacturers Kirin and Suntory plan merger

Intern Lee Yingying Panorama July 13 According to the U.S. "Business Weekly" Monday report, Suntory spokesman said today, Japan's two major beverage manufacturing giant Kylin (Kirinholdingsco. ) and Suntory (Suntoryholdingsltd. The merger is currently being considered.　　After the announcement, Kirin's shares soared. According to the Japanese economic news reported that the combination of Kirin and Suntory will become the fifth-largest food company in the world, just behind Kraft (Kraftfoodsinc), based on sales rankings. ) and Pepsi (Pepsicoinc.　　, it also helps two enterprises to solve the problem of domestic market saturation and create a more competitive international brand.　　Kirin said two companies had previously cooperated in distribution and procurement operations without mentioning specific mergers. Kirin's shares surged 8% per cent to 1395 yen in early Monday, while the Nikkei index fell by a modest 0.5%. (Panorama network/intern Li Ying)