重整方案失败，汇源集团重掌“汇源”

Core Viewpoint - The core issue revolves around the conflict between Huiyuan Group and its restructuring investor, Shanghai Wensheng Asset Management Co., Ltd., leading to Huiyuan Group's decision to take over the management of Beijing Huiyuan Food and Beverage Co., Ltd. due to alleged breaches of contract by Wensheng [1][2]. Group 1: Company Actions and Statements - Huiyuan Group issued a statement declaring the failure of the restructuring plan and announced its intention to fully take over Beijing Huiyuan and its core juice ordering business [1]. - The group criticized Shanghai Wensheng for lacking the necessary experience and management capabilities in juice production, accusing it of sourcing raw materials from unapproved suppliers [1]. - Huiyuan Group declared all contracts signed by Beijing Huiyuan with external manufacturers during Wensheng's control as invalid, emphasizing that products not made with Huiyuan's raw materials cannot be sold under the Huiyuan brand [1][2]. Group 2: Background and Context - The restructuring process began due to Huiyuan's debt crisis, with the company historically holding a significant market share in China's juice industry [2]. - In June 2022, a court approved a restructuring plan that allowed Wensheng to invest 1.6 billion yuan over three years for a 60% stake in Beijing Huiyuan, aimed at debt repayment and operational support [2]. - Wensheng's plans for an A-share listing or selling shares to another company have faced obstacles, leading to public disputes over investment commitments and management control [3]. Group 3: Market Implications and Risks - The emergence of two competing "Huiyuan" brands in the market has raised concerns about brand integrity and compliance with trademark regulations [3]. - Industry insiders suggest that Wensheng's lack of experience in the beverage sector may hinder its ability to operate independently from Huiyuan Group, especially in a competitive market [3]. - There are potential risks for the contract manufacturers involved with Wensheng, including liability for unauthorized trademark use, which could impact their future operations and financial stability [3].