Minority shareholders question Guizhou Maotai: do I agree to donate more than 800 million yuan

category:Finance
 Minority shareholders question Guizhou Maotai: do I agree to donate more than 800 million yuan


On November 26, a blogger with the internet name Maotai 900 yuan is not really high posted a microblog saying: just now, the staff of Maotais general secretary office called me and communicated with me about my real name reporting on Guizhou Maotais donation.

According to the microblog records of the owner, since the disclosure of the donation in Maotai, Guizhou, the owner claimed to have made a real name report to the CSRC, the Shanghai Stock Exchange and other departments, on the grounds that the board of directors of Maotai has seriously infringed on the interests of public shareholders of listed companies.

The so-called no legal procedures of the minority shareholders is mainly based on the latest articles of association of Maotai, Guizhou (promulgated on September 29, 2018), which stipulates the authority of the board of directors, and there is no decision on donation proposal. In other words, the board of directors of the company has not been authorized by the general meeting of shareholders to decide the donation.

At present, further improving the quality of listed companies has become the primary task of capital market supervision. As one of the core contents of improving the quality of listed companies, improving the governance system of listed companies and strengthening the protection of investors, especially the interests of small and medium-sized shareholders, is the most important way to build a dynamic and resilient capital market.

In this context, the rise of positive shareholder doctrine in the A-share market has a profound significance for A-share corporate governance. From the experience of mature market, positive shareholder doctrine has been mature experience in European and American capital markets for decades. There are many successful cases to improve corporate governance and enhance value by exercising shareholders rights. At present, Guizhou Maotai is the largest market share in A-share market, which has benchmarking significance. Whats the latest development of donation gate fermentation in Maotai, Guizhou? In promoting listed companies to further improve corporate governance, what kind of follow-up reaction will positive shareholder doctrine have on Maotai, Guizhou? On November 27, the reporter called Guizhou Maotai securities office for many times, but failed to get through. Editor: Qiu Jiang source: Shanghai Securities News Editor in charge: Zhong Qiming_ NF5619

In this context, the rise of positive shareholder doctrine in the A-share market has a profound significance for A-share corporate governance. From the experience of mature market, positive shareholder doctrine has been mature experience in European and American capital markets for decades. There are many successful cases to improve corporate governance and enhance value by exercising shareholders rights.

At present, Guizhou Maotai is the largest market share in A-share market, which has benchmarking significance. Whats the latest development of donation gate fermentation in Maotai, Guizhou? In promoting listed companies to further improve corporate governance, what kind of follow-up reaction will positive shareholder doctrine have on Maotai, Guizhou?

On November 27, the reporter called Guizhou Maotai securities office for many times, but failed to get through.

Editor: Qiu Jiang