Your current location is:{Current column} >>Text
Wahaha: 100,000 shares auctioned and transferred.
{Current column}578People have watched
IntroductionWahaha has dominated China's food and beverage industry since its founding by Zong Qinghou in H ...
Wahaha has dominated China's food and Is FXCM foreign exchange platform safe?beverage industry since its founding by Zong Qinghou in Hangzhou in 1987. Within three years, the company's output exceeded a billion yuan. After acquiring Hangzhou Canned Food Factory a year later, it merged into Hangzhou Wahaha Group. Expanding further, it established Wahaha Fuling Branch in Chongqing, ultimately securing the top position in China's food and beverage sector.
Post-ascendancy, Wahaha didn't rest, actively diversifying into children's clothing, farming, cultural and creative industries, and retail. In 2012, it ventured into retail, opening stores across multiple locations, aiming to create a premium shopping experience.
Wahaha hasn't overlooked the popular trend of "intelligence." The company prominently displays its commitment to intelligence alongside food and beverages on its official website.

As an unlisted company, Wahaha's shares are not publicly traded. Unlike many unlisted companies, its shares aren't concentrated in a few hands but are distributed among various entities. Shareholders include legal persons, internal staff, and social legal entities, with ownership percentages of 43.03%, 31.47%, and 25.50%, respectively.
In the second half of this year, Wahaha has undergone five share auctions, the latest being on December 29, 2023. The 10,000 shares auctioned fetched 2.94 million yuan after 72 rounds of bidding, attracting nearly 40,000 onlookers. The shares were initially priced at 1.84 million yuan but escalated to 2.94 million yuan, or 29.4 yuan per share.

In addition to this auction, there were four others in the past six months. The first, in June, involved 16,750 shares initiated by Zhuji City People's Court, fetching 342,000 yuan or 20.4 yuan per share.

The second, on December 19, initiated by Hangzhou Cultural Property Exchange, auctioned 50,000 shares for 1.1 million yuan or 22 yuan per share.

The third, on December 24, also initiated by Hangzhou Cultural Property Exchange, auctioned 41,000 shares for 1.292 million yuan or 31.5 yuan per share, around a 40% increase from the previous auction.

The fourth, initiated by Hangzhou Cultural Property Exchange on December 28, auctioned 39,000 shares for 870,000 yuan, or 22.3 yuan per share, similar to the second auction.

The fifth, mentioned at the beginning, auctioned 100,000 shares on December 29, totaling 246,750 shares across all auctions for a total of 6.542 million yuan, averaging 26.5 yuan per share.
Wahaha's ability to command high prices for its shares can be attributed to its industry leadership and stable dividends. Despite being unlisted, the company's commitment to shareholder dividends, ranging from 0.3 to 0.5 yuan per share, is highly valued by investors.
As a leading player in China's food and beverage industry and the world's fifth-largest beverage producer, Wahaha continues to be a focus of attention. With a solid foundation, the company actively expands into new businesses. Despite challenges, Wahaha's commitment to growth is evident, as seen in the recent release of 14 new products during its 2024 sales conference in December.
Risk Warning and DisclaimerThe market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.
Tags:
Related articles
Biden sees shift in ties with China 'shortly', says G7 wants to de
{Current column}By Trevor Hunnicutt and Jeff MasonHIROSHIMA, Japan (Reuters) -U.S. President Joe Biden on Sunday sai ...
Read moreNew Stimulus Measures From China Spread Cheer
{Current column}China ramps up economic stimulus, US confirms student loan reliefDollar retreats despite rising yiel ...
Read moreDollar hits 5
{Current column}© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUT ...
Read more
Popular Articles
- Oil retreats amid uncertainty over debt ceiling talks By
- In Poland, where coal is king, homeowners queue for days to buy fuel By Reuters
- Stock Market Today: Dow Slumps as Tech in Crosshairs on Hawkish Fed Fears By
- MKNDY Trading Is Safe? Company Abbreviation MKNDY
- Biden admin greenlights LNG exports from Alaska project By Reuters
- China to ease again, Jackson Hole looms into view By Reuters
Latest articles
-
China's economy gathers speed, global headwinds point to challenging outlook By Reuters
-
Oil climbs as Saudi Arabia warns of OPEC output cuts By Reuters
-
CH Markets Trading Is Safe? Company Abbreviation CH Markets
-
PMIs Drive Euro Lower, U.S. Home Sales, Saudi Oil Talk
-
European stock futures higher; German retail sales, China manufacturing in focus By
-
The S&P Is Now Overvalued