The China Ministry of Commerce (MOC) declined approval for Coca-Cola's proposed purchase of the Huiyuan Juice business, and the company says it will not proceed with the acquisition. "We are disappointed, but we also respect the MOC's decision," said Muhtar Kent, president and chief executive officer. "We put a tremendous effort into providing all the relevant materials to the MOC to ensure that they had all the information available and understood the transaction. We were looking forward to working with the excellent Hui-rnyuan team to stimulate new growth for the Huiyuan brand.
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