Feng Jun as General Manager of Maotai Marketing Company is facing the task of stabilizing market price

category:Finance
 Feng Jun as General Manager of Maotai Marketing Company is facing the task of stabilizing market price


It is worth mentioning that Maotai Group just announced the exchange and promotion of 35 cadres on the previous two days. On October 7, Maotai Group held a cadre meeting to announce the relevant decisions on the adjustment of cadresranks and titles. At that time, Li Baofang, Secretary of the Party Committee of Maotai Group, pointed out that due to various historical reasons, the irregularity of the companys ranks and titles led to weak cadre exchanges between departments and subsidiaries of various units. Cadres hold the same post for a long time, which is not only harmful to the growth of cadres, but also may cause other problems. Therefore, cadresranks and titles should be re-regulated.

The marketing company of Guizhou Maotai Group is a wholly-owned subsidiary of Maotai Group, which is mainly responsible for the direct operation of Maotai Liquor. In May this year, the official of Guizhou Maotai announced that Guizhou Maotai Group Marketing Co., Ltd. was unveiled.

According to the introduction, Maotai marketing company will innovate the way of terminal channel cooperation, realize the dislocation development with social channels, complement each other with the original marketing system of Maotai, strive to improve direct marketing channels, increase direct marketing efforts, promote the collaborative linkage of production, supply, marketing and transportation, and ensure the price stability of Maotai liquor market.

Yang Jianjun, deputy general manager of Maotai Group, said at that time that the reform goal of Maotais marketing system was to stabilize the market and price.

However, the news that Maotai Group established a marketing company once caused dissatisfaction among the shareholders of Guizhou Maotai (600519. SH), a listed company. An individual shareholder complained to Shanghai stock exchange that Guizhou Maotai Liquor Co., Ltd. is suspected of conveying interests to Guizhou Maotai Group, a major shareholder. Subsequently, the Shanghai Stock Exchange issued a regulatory letter to Maotai, Guizhou. On August 9, Guizhou Maotai announced its reply to the regulatory letter of the Shanghai Stock Exchange, which indicated that the controlling shareholder Maotai Group had no plan for the quota of Maotai Liquor, a wholesale direct selling company, and that there was no arrangement for a large amount of related transactions between the controlling shareholders and the company. In 2019, the company continued to sell its products to Maotai Group, or 5.6 billion yuan, according to the standard of not exceeding 5% of the net assets at the end of 2018. The transaction selling price is the same as the purchase price of other non-affiliated distributors or the pricing principle is the same. Source of this article: Peng Mei News Responsible Editor: Zheng Haoyuan_NB12722

However, the news of Maotai Groups establishment of marketing company once aroused the dissatisfaction of shareholders of listed company Guizhou Maotai (600519. SH). One individual shareholder complained to the stock exchange that Guizhou Maotai Liquor Co., Ltd. is suspected of conveying benefits to the major shareholder Guizhou Maotai Group.

Subsequently, the Shanghai Stock Exchange issued a supervision letter to Guizhou Maotai.

On August 9, Guizhou Maotai announced its reply to the regulatory letter of the Shanghai Stock Exchange, which indicated that the controlling shareholder Maotai Group had no plan for the quota of Maotai Liquor, a wholesale direct selling company, and that there was no arrangement for a large amount of related transactions between the controlling shareholders and the company. In 2019, the company continued to sell its products to Maotai Group, or 5.6 billion yuan, according to the standard of not exceeding 5% of the net assets at the end of 2018. The transaction selling price is the same as the purchase price of other non-affiliated distributors or the pricing principle is the same.