hangzhou wahaha group lt1

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Hangzhou Wahaha Group Ltd. Type Privately held company Founded 1988 Headquarters Hangzhou, China Key people Zong Qinghou, Chairman & CEO Industry Food Products Dairy products, water, Soft drinks Revenue RMB 15.2 billion (2005) [1] Operating income RMB 3.2 billion (2006) Employees 20,000 Website 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 .

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Page 1: Hangzhou Wahaha Group Lt1

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

Page 2: Hangzhou Wahaha Group Lt1

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

Page 3: Hangzhou Wahaha Group Lt1

- 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