As of March 9, 2024, Nongfu Spring was not acquired. Although its market value reached more than 400 billion and its market share ranked second, it was not acquired by other companies. In the past, Ipoh Pure Water was once a subsidiary of Vanke, and was later sold to China Resources by Wang Shi. If Ipoh had not been sold, its value might be much stronger than Vivanco's long-term rental apartments and commercial real estate, but this does not mean that Nongfu Spring has been acquired. Nongfu Spring is a beverage enterprise in China, which was established on September 26th, 1996 with a registered capital of14.7 million yuan. It is a deep processing enterprise integrating scientific research, development, production and marketing. It mainly produces dozens of products in four series: natural drinking water, fruit and vegetable juice drinks, functional drinks and tea drinks. The predecessor of Nongfu Spring Co., Ltd. is Zhejiang Qiandao Lake Yangshengtang Drinking Water Co., Ltd., which is located in Qiandao Lake, a national first-class water reserve.