| Tingyi Subsidiary, Tingyi-Asahi Beverages, now PepsiCo's franchise bottler in China Alliance expected to create long-term value for Tingyi and PepsiCo shareholders Creates expanded platform for both companies to capitalize on growing China beverage market TIANJIN, China and PURCHASE, N.Y., March 31, 2012 /PRNewswire/ -- Tingyi (Cayman Islands) Holding Corp. (Tingyi) (0322.HK), one of the leading food and beverage companies in China, and PepsiCo, Inc. (NYSE: PEP), the world's second-largest food...continued PEP TCYQY quakers pepsi oats |
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