Maotai, Guizhou Province: Transaction Arrangements Related to Incorporeal Amount of Group

category:Finance
 Maotai, Guizhou Province: Transaction Arrangements Related to Incorporeal Amount of Group


Price control has been attached great importance to in Maotai, Guizhou Province. Li Baofang, chairman of Maotai, Guizhou Province, once pointed out that one of the background of the establishment of group marketing company is control. In response to the regulatory letter, Maotai, Guizhou, also held a market working meeting. Li Baofang proposed that we should speed up the application of face recognition technology, effectively curb the cattle stir, and proposed that we should strictly control prices from six aspects.

94 days later the stone fell to the ground

After waiting 94 days, Guizhou Maotai responded to the regulatory letter of the exchange on the evening of August 9.

Regarding the marketing company established by Maotai Group, which is most concerned by investors, whether it plans to sell the quota of Maotai liquor wholly and directly to the listed companies, and whether it is possible to form a related transaction with a larger amount of money, Maotai, Guizhou Province, said that the controlling shareholders have no plan to sell the quota of Maotai liquor wholly and directly to the listed companies, the controlling shareholders and the company. Arrangements for related transactions with relatively large amounts are also invisible.

Maotai, Guizhou Province, further explained the establishment of group marketing company. To further promote the all-round development of business, the controlling shareholders set up a marketing company in May 2019. On the premise of meeting the interests of both parties and abiding by relevant laws and regulations, the marketing company will sell some of its products. Controlling shareholders abide by their promises made at the time of listing. The above-mentioned transaction sales price is the same as the purchase price of other non-affiliated distributors or the pricing principle, and they follow the standard of not exceeding 5% of the companys net assets at the end of 2018. They will not form direct or indirect competitive relationship with the company because of the above-mentioned transaction.

The establishment of a group marketing company in Maotai, Guizhou Province, has attracted much attention from investors in recent years. When reporters usually communicate with some Maotai shareholders, some shareholders said, Is Maotai not responding? After seeing the relevant replies, Mr. Zhang, an investor who has been following Maotai in Guizhou Province, told the Securities Times e Company reporter, When a stone falls to the ground, legitimate compliance is a good thing.

After the formal unveiling of the marketing company of Maotai Group, an individual shareholder complained to the Stock Exchange that Maotai was suspected of conveying benefits to the major shareholder of Guizhou Maotai Group. Late on May 7, the Shanghai Stock Exchange issued a regulatory letter asking Maotai, Guizhou Province, to state that the establishment of a marketing company is the main consideration. For the Shanghai Stock Exchanges inquiry, Maotai, Guizhou, said it would verify and reply as soon as possible, but Maotai, Guizhou, did not reply late.

As a result, this years shareholdersmeeting in Maotai, Guizhou Province is particularly lively, with an unprecedented number of more than 2,200 participants. This not only creates a new high number of shareholders meeting in Maotai, Guizhou Province, but also is the highest number of shareholdersmeeting in A-share company at present. According to the reporter of Securities Times E Company, who was at the shareholdersmeeting at that time, a considerable part of the shareholders participating in the meeting came from the Group sales company, hoping to listen to what the company has to say on the spot.

Group sales company also became Li Baofangs first response at the shareholdersmeeting, and said that since May 5, Maotai, Guizhou, has arranged for people to collect relevant information from all aspects. Li Baofang said: The main reason for not responding in time is to consider that Maotai has always been a high degree of concern. It needs to be carefully considered on the basis of prudence, cautious and cautious, involving all aspects can not be hasty.

Face Recognition Contains Cattle

In addition, in recent years, the reform and emphasis on sales channels has been raised to an unprecedented height in Maotai, Guizhou. Reduce dealers, open up e-commerce, business over sales channels, frequent action to investigate the reasons, or price control. According to the official website of Maotai Group, on the evening of August 7, Guizhou Maotai also held a special market work meeting, at which Li Baofang came to the fore and said, Today is a meeting for prices. To control prices, not to stabilize prices. Li Baofang also stressed that the price of Maotai liquor should not be arbitrary.

At the market work meeting in Maotai, it was also mentioned that the cattle stirring was also a factor contributing to the soaring prices. Li Baofang said that the problem of cattle should not be allowed to become a common and indifferent phenomenon in the current marketing process of Maotai liquor. We need to speed up the application of face recognition technology, effectively curb the cattle stir, and sell wine to real consumers.

Attention to the issue of price is also fully reflected in the official news of the Maotai Market Work Conference in Guizhou. Guizhou Maotai mentioned that since this year, especially in the recent period, the supply and demand of Maotai liquor has been continuously tight, and the price has been rising irrationally. The market circulation price has risen from 1900 yuan/bottle in April to more than 2200 yuan/bottle at present. The market situation is extremely severe, which has seriously affected the stability of Maotai liquor market.

Guizhou Maotai also said that the problem of rising prices has aroused great concern of the provincial government of Guizhou Provincial Committee. Since the end of July, the provincial government of Guizhou Provincial Party Committee has held several meetings on the market price of Maotai liquor. The main leaders of the provincial Party Committee have issued instructions to strictly prevent excessive speculation of Maotai liquor.

Regarding the reasons for the price rise, Li Baofang said that the reasons are very complicated. First, the contradiction between supply and demand is prominent, which is the most important factor. Secondly, due to the collection investment, Maotai liquor has both financial and investment attributes. Thirdly, the choice of sales opportunities brings about the hoarding of goods. Fourth, fixed channel sales, the market can not see Maotai liquor, resulting in a bottle of difficult to find the phenomenon of growing.

How to solve the problem, Li Baofang said, will strictly control prices from six aspects: first, to increase market investment; second, to strictly control prices; third, to put the plan and sales results monthly linked; fourth, to implement strict management, find serious problems; fifth, all distributors in Guizhou, to put liquor in the front desk. To sell, to other provinces and municipalities in the country as a model; Sixth, new channels and old channels complement each other.

Reporters found that most of the price control measures described by Li Baofang are already in action.

At the market working meeting, Maotai, Guizhou, also announced that 7400 tons of Maotai liquor will be put into the market on the eve of the Mid-Autumn Festival and the National Day, so as to better meet the consumption demand in the peak season of the festival. During the New Years Day and Spring Festival in 2020, the market volume of Maotai liquor will also be reasonably arranged.

Recently, Maotai, Guizhou, has landed to strengthen the relevant layout of Shangchao and online stores. Guizhou Maotai Liquor Sales Company announced the tender results of Shangchao service providers on June 21. Huarun Wanjia Limited, Kangcheng Investment (China) Limited and Wumei Science and Technology Group Limited became the first national distributors of Maotai Liquor in Guizhou. According to the Merchants Merchant Officer issued in April in Maotai, Guizhou Province. It is reported that the above three companies will receive 400 tons of Feitian Maotai supply. In addition, according to the results of tendering for local supermarkets in Guizhou, three local supermarkets, Guiyang Xingli Department Store Group Co., Ltd., Guizhou Hualian Supermarket Co., Ltd. and Guizhou Heli Shopping Co., Ltd., have become the first supermarkets and service providers of Maotai Liquor in Guizhou. The above three companies will receive 200 tons of Feitianmaotai Liquor. In addition, on July 18, Guizhou Provincial Public Service Platform for Bidding and Bidding announced that Guizhou Maotai Liquor Sales Co., Ltd. intends to select three national comprehensive (full-range) e-commerce platforms to supply 400 tons of Feitian Maotai. Source: Responsible Editor of Securities Times: Yang Bin_NF4368

Recently, Maotai, Guizhou, has landed to strengthen the relevant layout of Shangchao and online stores. Guizhou Maotai Liquor Sales Company announced the tender results of Shangchao service providers on June 21. Huarun Wanjia Limited, Kangcheng Investment (China) Limited and Wumei Science and Technology Group Limited became the first national distributors of Maotai Liquor in Guizhou. According to the Merchants Merchant Officer issued in April in Maotai, Guizhou Province. It is reported that the above three companies will receive 400 tons of Feitian Maotai supply. In addition, according to the results of tendering for local supermarkets in Guizhou, three local supermarkets, Guiyang Xingli Department Store Group Co., Ltd., Guizhou Hualian Supermarket Co., Ltd. and Guizhou Heli Shopping Co., Ltd., have become the first supermarkets and service providers of Maotai Liquor in Guizhou. The above three companies will receive 200 tons of Feitianmaotai Liquor.

In addition, on July 18, Guizhou Provincial Public Service Platform for Bidding and Bidding announced that Guizhou Maotai Liquor Sales Co., Ltd. intends to select three national comprehensive (full-range) e-commerce platforms to supply 400 tons of Feitian Maotai.