hangzhou wahaha group lt1
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Hangzhou Wahaha Group Ltd.
Type Privately held companyFounded 1988Headquarters Hangzhou, ChinaKey people Zong Qinghou, Chairman & CEOIndustry FoodProducts Dairy products, water, Soft drinksRevenue RMB 15.2 billion (2005)[1]
Operating income RMB 3.2 billion (2006)Employees 20,000Website en.wahaha.com.cn
History
-1987: origin from the sales department of the shangcheng district school in hangzhou.
-1989: the "Hangzhou Wahaha Nutritional Foods Factory was created.
-1991: merged with the ailing "Hangzhou Canned Food Factory" in a social restructuring.
-05/1992: started the Hangzhou Wahaha Food City Co. Ltd.
-1994: +took over 3 insolvent companies in Sichuan.
+set up its first factory in Chongqing.
-1996: set up 5 subsidiaries with the French giant Danone group, a joint venture.
-04/ 2007: Wahaha has been engaged in a public dispute with Danone, its JV partner
Ownership structure
1.Holding company
The Hangzhou Wahaha Group Co. Ltd:
+ Zong(29.4%)
+ The employees(26.4%)
+ Management: Zhejiang Wahaha Industries Joint-stock Co. ("ZHI")
+ Shangcheng District Government(46%).
2.Joint-venture companies
+ The Group holds a 39% of stake in 39 joint ventures
+ ZHI holds 10%
+ The French company Danone holds 51%.
Other "Wahaha companies"
-Hangzhou Wahaha Children's Clothing Co.
+found:2002
+65% owned by Zong,
+ 10% by his wife
+25% by Platinum Net Ltd.
-The Hangzhou Wahaha Food and Beverage Sales Co.
+ registered on December 19, 2006
+ 10% of its share capital is held by Zong's wife, Shi Youzhen
+ 90% by Ever Maple Trading Ltd.
Offshore companies
-Being subsidiaries of the Wahaha Group
- British Virgin Islands : Golden Dynasty Enterprise Ltd, Gold Factory Developments Ltd, Platinum Net Ltd, Sunworld Enterprises Ltd, Great Base International Ltd, Bountiful Gold Trading Ltd and Wintell Enterprises Ltd.
-Samoa : Mega Source Investments Ltd and Honour Bright Investments Ltd