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zong fuli won equity but lost her reputation.

wahaha group officially entered the zong fuli era. previously, all the shares that were not passed on to zong fuli were inherited by her. the legal representative of wahaha group was also replaced by zong fuli. this means that in the equity struggle of wahaha group, zong fuli became the final winner and took over smoothly.

but just after she succeeded in taking over, zong fuli ran into new troubles. she was sued by the wahaha employee shareholding association. why did they sue her? the core of the case was the dispute over equity.

zong fuli did not want to give these old employees shares, and planned to buy them all back at a low price, so that she could become the absolute majority shareholder and the person in charge. previously, the captain wrote an article titled "how did wahaha, which is not listed, complete the second generation succession?" in the article, the captain clearly stated that zong fuli was able to take over wahaha not because of the shares, but because of zong qinghou's special setting of the wahaha system.

wahaha itself is a shell company, and its main asset is the "wahaha" brand.however, the production lines of its core products such as "nutri-express" and "ad calcium" are all controlled by hongsheng beverage group.zong fuli is the absolute controlling shareholder of hongsheng beverage group. by manufacturing for wahaha, hongsheng beverage has built 20 production bases, more than 40 subsidiaries and more than 100 production lines across the country. most of the money earned by wahaha is transferred to hongsheng beverage. zong qinghou himself once said that the profit margin of hongsheng beverage is higher than that of wahaha.

after zong qinghou passed away, why was zong fuli able to take charge of wahaha again? in terms of equity, hangzhou state-owned assets supervision and administration commission is the largest shareholder, and wahaha employee shareholding association does not agree with zong fuli. the reason why zong fuli was able to return to wahaha is because wahaha was strangled by hongsheng beverage. wahaha did not control its own production line. once hongsheng beverage stopped supplying, wahaha would have no goods to sell.

strictly speaking, wahaha has long been sidelined by hongsheng beverages.because in addition to the production line, zong fuli also controls most of the distribution subsidiaries in various places. when zong fuli returned to wahaha, she did not dare to touch the shares of the hangzhou state-owned assets supervision and administration commission, and her first move was to the employee shareholding association. as long as she swallowed up all the shares of the wahaha employee shareholding association, zong fuli would be able to surpass the hangzhou state-owned assets supervision and administration commission and become the largest shareholder of wahaha.

why did wahaha employees collectively sue zong fuli?the reason is very simple, because as soon as she took office, she wanted to buy back the shares held by the employee stock ownership association at a low price.

according to china industry news, zong fuli asked wahaha employees to re-sign their labor contracts. the employer is no longer wahaha, but hongsheng beverage group. why did she transfer wahaha employees to hongsheng beverage group? the main reason is that zong fuli does not have absolute say in wahaha. her shares are too small, only 29.4%. but hongsheng beverage is different. this is zong fuli's own family business. she can make the final decision and no one can oppose her.

as long as the labor contracts of wahaha employees were transferred to hongsheng beverage, these people would have to obey her. zong fuli could directly fire anyone who disobeyed.

but zong fuli's methods are more than that.she also wants to buy back the shares of wahaha employee stock ownership association at a lower price, which accounts for 24.6%.because wahaha is doing well and making huge profits, as long as you hold wahaha shares, you can get a large dividend every year. when wahaha is not facing a major business crisis, no one is willing to sell their shares at a low price. for wahaha employees, holding shares means having a say. once you lose your shares, you will become a lamb to be slaughtered and be kicked out by zong fuli at any time.

in the capital market, wahaha is definitely a high-quality target.its equity must have been sold at a premium. if it could be listed, referring to the share price of nongfu spring, the price-earnings ratio alone would be as high as 22 times. zong fuli's purchase of employee equity at a low price is not just a simple power grab, but also a disguised way of robbing money.

normally, you can either pay a high price and buy back all the 24.6% of the shares of the employee stock ownership association, and then you can become a major shareholder. but buying back at a low price is not just plundering? isn't this relying on the strong position of managers to infringe on the interests of small shareholders? why did many oligarchs become rich overnight after the collapse of the soviet union? it is because they bought the shares of workers at a very low price, then fired a large number of workers, resold the machines, saved costs, resumed production, turned losses into profits, and the original state-owned enterprises became private enterprises.

zong qinghou is respected because he united the employee stock ownership association and achieved a delicate balance between the interests of the state-owned assets supervision and administration commission, the family and the employees. but now, zong fuli has abandoned her father's balancing strategy and is determined to kick out the employee stock ownership association and take over the power herself. but how can the employee stock ownership association give up?

zong fuli has returned to wahaha, but wahaha is not just her private company.

this class action lawsuit against zong fuli is just a new beginning.