HANGZHOU - China's leading drinks maker Hangzhou Wahaha Group has denied rumors that the company is planning to buy Italy's AC Milan club.
Zong Qinghou, the billionaire chairman of the company, said Italian media reports that he was planning to buy up to 75 percent of the Italian club was "an April 1 joke".
Zong, worth an estimated $19 billion, said he had no plan to follow Wanda's footsteps into European soccer.
AC Milan is currently controlled by Italy's former prime minister Silvio Berlusconi.
Wanda Group, owned by Wang Jianlin, has become the official owner of 20 percent stake at Spanish La Liga champions Atletico Madrid on Tuesday.
Tech Pro Technology Development company, a Hong Kong listed electrical components manufacturer, is in the middle of negotiation to buy French club Sochaux from the Peugeot car company.
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 130349 
