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Will the inheritance dispute of Zong Qinghou involve the loss of state-owned assets?
This key point depends on the disclosure data from the State-owned Assets Supervision and Administration Commission. We wait for the day when the truth will be revealed. But at first glance, Zong Fuli's overseas company has reaped the majority of Wahaha's profits, while the state-owned assets, as the major shareholder of Wahaha, have turned it into a processing factory, receiving a pitiful share of the profits. If you owned 46% of the state-owned shares, would you remain silent?
This is almost a replica of the Danone case from back then. At that time, Danone held a 51% stake, discovered the Wahaha foreign-linked company, and filed a lawsuit. The public, influenced by patriotic sentiments, chose to support the Zong family. Later, with government coordination and support, Danone exited with nearly four times its investment amount, passing the baton to state-owned assets. The next step is to see what the state-owned assets will do. $BNB
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