China Haisheng plans to double overseas sales

China Haisheng Juice Holding, the largest Chinese supplier of apple juice concentrate to soft-drink makers like Coca-Cola (KO.NYSE), may issue shares to double its overseas sales, reported Bloomberg. Haisheng intends to control 50% of overseas shipments by 2015, a doubling of its 2009 market share, as it doubles production capacity through acquisition and expansion of existing facilities. Approximately half of the company’s new capacity within the next half-decade is expected to come from acquisitions, which Haisheng has stated it intends to pursue in order to avoid generating overcapacity and driving down prices. The company already has a significant debt level, and it has stated that a sale share is more likely as a means of fundraising.