Capital, Earnings & M&A
One Step from IPO, Wahaha Begins Mass Buyback of Employee Shares
Wahaha Group chairman Zong Qinghou, who long claimed the company was 'not short of money and not going public,' has softened his stance and initiated an internal campaign to buy back employee shares, seen as a precursor to an IPO. The buyback, completed in less than a month, involves repurchasing shares at 3 yuan per share, with employees paying taxes, and is aimed at reducing the number of shareholders to comply with listing regulations.
敬奕步 陆宇婷