Capital, Earnings & M&A
Zong Fuli: If Possible, I Hope to Acquire Wahaha
Industry insiders suggest that Zong Qinghou's long-standing refusal to engage with the capital market may stem from the failed partnership with Danone. Whether Wahaha will eventually go public through a backdoor listing depends on the next moves of his daughter, Zong Fuli. Given the GEM listing rules and the share structure of China Candy, Zong Fuli's acquisition of the Hong Kong-listed company is not difficult, but for now it remains speculation.
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