Wahaha heiress Kelly Zong Fuli back steering Chinese drinks giant after ‘shock’ quit move

Quick Summary:

Zong is now legal representative, president and general manager, all positions held by her late father and founder of Hangzhou Wahaha Group.

To make major boardroom decisions, she will need to rely on the 24.6 per cent voting power from a stockholding party collectively formed by Wahaha employees, whereas the Shangcheng-controlled SOE owns a 46 per cent stake.

The international business graduate from Pepperdine University in California started her career at one of Wahaha’s factories as her father began to prepare her to take over more management responsibilities.

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Article Details

Author / Journalist: Frank Chen

Category: Business

Markets: Hong KongChina

Topics: Father General Zhejiang China’s Wahaha’s Business Zong Wahaha Private Kelly Management

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-31 @ 21:35:59 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 728 words

Reading Time: 5 minutes read

Sentences: 23 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22312943

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