Updates from Starbucks' (SBUX) Annual Meeting: China, Korea, Ready-to-Drink Products Discussed

Starbucks (Nasdaq: SBUX) shares have been volatile over the last half hour or so of trade as the company's Annual Meeting of Shareholders is currently going on. The stock initially pushed higher as the meeting got underway, however shares have now dipped. Shares last traded at $53.85, up 0.2 percent.

Below are some highlights:

• will invest nearly $180 million to expand manufacturing
  
• sees a $172 million facility opening in January 2014
  
• will enter the energy drink market with "Starbucks Refreshers"
  
• the Chinese market will be the second largest coffee market outside of the US by 2014
  
• Starbucks stores in China will exceed 1,500 locations by 2015
  
• the Korean market will double in size by 2016, expecting about 700 stores
  
• Starbucks' Consumer Packaged unit will soon rival its Retail segment
  
• the company's Ready-to-Drink products offer a $60 billion opportunity

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