The company made a statement saying parent company China Southern Air Holding Co has been exploring ways to push forward with the mixed ownership reform.
Wuliangye brews plan for mixed-ownership reform 1 Wuliangye will issue shares to employees, distributors and strategic investors via a private placement, the statement said.
It will use the proceeds to fund projects involving information construction, marketing centers and e-commerce platforms. The prospective share price is Wuliangye suspended share trading on July The central government has been pushing reform of State-owned enterprises SOEsin order to inject more vitality into the enterprises.
Along with Wuliangye, many liquor makers have realized they need to pursue reform and find new sources of profit, Wang noted. Li said the move to the Internet would become more common among traditional manufacturing enterprises seeking to improve their profits.
Wuliangye saw its net profit up As for Kweichow Moutai, another leading State-owned liquor maker, net profit increased 6. Wang said that big State-owned liquor enterprises must still focus on their main business, building on their brand recognition.
Small and medium-sized distillers should consider lifting profitability through mergers and acquisitions, Wang said.Wuliangye Yibin Co, China's leading liquor maker, has disclosed a mixed-ownership reform plan, under which it aims to raise up to billion yuan ($ million) in a private share placement to.
A business that is owned and operated by two or more people — and the least used form of business organization in the United States. There are two basics forms of partnerships, general and limited.
[Annex to Aide Memoire on Impacts of Mixed Ownership Model in the Budget:] Accounting for the Introduction of the Mixed Ownership Model Released 30 Jun as part of the Budget Information Release.
BEIJING - China's mixed-ownership reform in centrally administered State-owned enterprises has made steady progress, the country's top economic planner said Wednesday. State-owned China Southern Airlines denied immediate plans to bring other major shareholders into the company on Wednesday－hard on the heels of reports the previous day of a mixed ownership plan.
Unlike mixed ownership reforms in more profitable areas such as the military and the power industry, the aviation industry was taking a more prudent step, he added.