Want Want facts for kids
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| Industry | Food and drink; media |
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| Founder | Jonathan Shuai Qiang Ng |
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Key people
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Tan Swee Ling (Board member) |
| Subsidiaries | Want Want China, China Times |
Want Want Holdings Limited (Want Want; Chinese: 旺旺集團有限公司; pinyin: Wàngwàng Jítuán Yǒuxiàn Gōngsī) is a food manufacturer and media corporation from Taiwan. It is one of the largest rice cake and flavored drink manufacturers in Taiwan. It engages in the manufacturing and trading of snack foods and beverages, divided into four businesses: rice crackers, dairy products, beverages, snack foods (candies, jellies, popsicles, nuts, and ball cakes), and other products. It operates over 100 manufacturing plants in mainland China and 2 in Taiwan, and employs over 60,000 people.
History
In 1962, Want Want began operations in the name of I Lan Foods Industrial Company Limited (Chinese: 宜蘭食品工業股份有限公司) in Yilan County, Taiwan, which manufactured canned agricultural products. It was founded by Tsai Eng-meng's father, Jonathan Shuai Qiang Ng.
Tsai Eng-meng took over his father's food business at the age of 19 and came up with a new product—crackers made from rice flour.
1983, it collaborated with Iwatsuka Confectionery Company Limited, one of the top three Japanese rice cracker makers, to develop a rice cracker market in Taiwan. In return, Iwatsuka obtained 5% of the common stock of the company. In 2009, Iwatsuka's share in Want Want was valued at about US$350M, nearly three times as much as Iwatsuka's own market value of US$125M.
1987, it became the first Taiwanese operator to apply for the registration of the "Want Want" trademark in China. In 1992, it started its business in Mainland China. In 1994, it commenced its first production plant in Changsha, Hunan. 1996, it was listed on the Singapore Stock Exchange under the name Want Want Holdings Pte Ltd.
2007, Want Want Holdings Pte Ltd was delisted from the Singapore Stock Exchange. In 2008, its subsidiary, Want Want China Holdings Limited, was listed on the Hong Kong Stock Exchange.
2008, Want Want China Holdings Ltd. was listed on the Main Board of the Hong Kong Stock Exchange Limited. HKEX STOCK CODE 0151. 2011, Want-Want China Holdings Ltd. was ranked one of the top choice of stocks to buy on the Hang Seng index.
2009, Want Want purchased China Times, as well as China Television (CTV) and CtiTV in 2009.
Logo
The logo of Want Want is of a boy wearing blue and yellow overalls. He sometimes has red cheeks, and is on all of the Want Want products, usually in a small print. Most of the time, his eyes are looking up.
See also
- List of companies of Taiwan
- Want Want China
- I-Mei Foods
