白酒企业跨界美股上市，王茅酒业自称“第一”却多年无参保员工

Core Viewpoint - The Chinese liquor industry is exploring new avenues for growth by targeting the US stock market, with Wang Moutai aiming to become the "first Chinese liquor stock" through a reverse merger with Junyu Engineering Group [1][2] Group 1: Reverse Merger Details - Junyu Engineering Group has signed a memorandum of cooperation with Wang Moutai, intending to facilitate a reverse merger, which differs from traditional IPOs by allowing a non-listed company to gain control through acquiring shares of a listed company [1][2] - The reverse merger is part of Junyu Engineering's diversification strategy, aiming to retain Wang Moutai's independent brand while leveraging its resources for brand enhancement and market expansion in Southeast Asia and North America [2] Group 2: Company Background and Market Position - Junyu Engineering, registered in the Cayman Islands, primarily operates in Hong Kong's earthworks transportation sector, which is unrelated to the liquor industry [4] - Since its NASDAQ listing in July 2024, Junyu Engineering's stock has experienced significant volatility, with a peak price of $107.36 per share followed by a drastic drop to $1.65, and currently trading around $0.5, facing delisting risks [4] - Wang Moutai, established in 2018 with a registered capital of 100 million RMB, claims an annual production capacity of over 3,000 tons of sauce-flavored liquor, but has a low online presence and no reported employees [4][5] Group 3: Technological Aspirations - Wang Moutai aims to integrate technology into traditional liquor production, proposing a digital ecosystem that includes AIoT technology for brewing processes and the incorporation of NFT digital collectibles and AR customization systems [5] - The high-tech concepts presented by Wang Moutai may seem unconventional for a liquor company, but they represent a potential new direction for domestic companies seeking to enter the US market [5]