Group 1 - The largest beverage company in China is avoiding going public due to complex overseas control structures and personal information disclosure requirements for founders and executives [1][5] - The company's shareholding structure is intricate, with various subsidiaries controlling different products, leading to a convoluted ownership model [3] - The company utilizes an overseas trust to manage its domestic operations, with a trust fund currently valued at $1.8 billion, equivalent to approximately HKD 16 billion, indicating that financial constraints are not the primary reason for not going public [5] Group 2 - The company was not solely founded by its current leaders; it has significant state ownership and an employee stock ownership plan, resulting in a tripartite power structure [7] - The potential public listing would expose the overseas holding structure, which could damage the personal image of the ethnic entrepreneur behind the company [5][7]
中国最大饮料公司为什么不上市？
Sou Hu Cai Jing·2025-07-15 06:35