Sanyuan

At a Carrefour store near Beijing's Sanyuan Bridge, Liu Wei, a 61-year-old retired chemistry teacher, is buying a 260-gram (9.1-ounce) bag of Orchard Farmer U.S.-grown pecans for 38 yuan ($5.78).

Shell Shock: Chinese Demand Reshapes U.S. Pecan Business David Wessel 2011

Sanyuan, which also operates McDonald's Corp. franchise stores in Beijing and Guangdong province, said Saturday it is planning to bid for the assets of Sanlu, which was declared bankrupt last week.

Sanyuan shares surge 10% 2009

The Sanlu assets, including land, property, equipment and investments in other dairy firms, have an appraised value of 726 million yuan ($106.3 million), Sanyuan said in a statement posted on the Shanghai bourse's Web site Saturday.

Sanyuan Shares Jump on Plans to Bid for Sanlu 2009

"Sanyuan could quickly develop its cross-border business by using the existing sales network of Sanlu," said Hu Chunxia, an analyst at Guotai Junan Securities.

Sanyuan Shares Jump on Plans to Bid for Sanlu 2009

"How much Sanyuan will benefit from the purchase depends on how the company will consolidate the assets and manage a team which is much larger than Sanyuan itself," said Dong Junfeng, an analyst at Galaxy Securities.

Sanyuan Shares Jump on Plans to Bid for Sanlu 2009

Obtaining Sanlu's assets would help Sanyuan, a second-tier dairy producer currently focused on the Beijing market, compete against larger rivals, such as China Mengniu Dairy Co.,

Sanyuan shares surge 10% 2009

The Sanlu assets, including land, property, equipment and investments in other dairy firms, have an appraised value of 726 million yuan ($106.1 million), Sanyuan said in a statement posted on the Shanghai bourse's Web site Saturday.

Sanyuan shares surge 10% 2009

Obtaining Sanlu's assets would help Sanyuan, a second-tier dairy producer currently focused on the Beijing market, compete against larger rivals, such as China Mengniu Dairy Co.,

Sanyuan Shares Jump on Plans to Bid for Sanlu 2009

Sanyuan said it is willing to pay no more than 110% of the appraised value.

Sanyuan shares surge 10% 2009

Sanyuan said it is willing to pay no more than 110% of the appraised value.

Sanyuan Shares Jump on Plans to Bid for Sanlu 2009