Timeline
- 28 March 1996, joint venture agreement signed
- 1998, Peregrine collapsed, Groupe DANONE becomes majority owner.
- December 2006, Danone and Zong allegedly signed a deal allowing Danone to buy out the companies "external" to the JV operations
- January 2007 Zong denounces deal
- 9 April 2007 Danone sent a warning letter to the Chairman of the Wahaha joint ventures, giving 30 days for WHH to stop illegally selling products under Wahaha trademark without proper authorization
- 11 April Zong accuses Danone of "hostile takeover" of Wahaha
- 9 May, Danone filed a suit in Stockholm.
- 4 June, Danone filed suit in Los Angeles against several parties connected to Zong for damages of US$100 million.
- 5 June, Zong resigned as Chairman of the joint ventures
- 17 June, Hangzhou Arbitration Committee accepts application for arbitration
- 22 June Chinese partners on joint venture board refuse to endorse appointment of Emmanuel Faber as Chairman to replace Zong
- 12 July, lawyers representing Danone hold press conference accusing Zong of using forgery to set up offshore companies
- 9 November, the High Court of the British Virgin Islands placed Golden Dynasty Enterprise Ltd, Gold Factory Developments Ltd, Platinum Net Ltd, Sunworld Enterprises Ltd, Great Base International Ltd, Bountiful Gold Trading Ltd, Ever Maple Trading Ltd and Wintell Enterprises Ltd. into receivership and froze their assets
- 14 November (or 21?), Mega Source Investments Ltd and Honour Bright Investments Ltd, were frozen and put into receivership by the Supreme Court of Samoa
Read more about this topic: Wahaha Joint Venture Company