China-listed Guizhou Maotai issued an announcement on December 23 that the controlling shareholder, Maotai Group, plans to transfer 4% of the company’s shares to Guizhou State-owned Capital Operation Company Limited through a gratuitous transfer; Guizhou State-owned Capital Operation Company Limited is a wholly-owned subsidiary of Guizhou Financial Holding Group Limited Liability Company (Guizhou Guimin Investment Group Limited Liability Company). The announcement points out that the transfer will not lead to a change in the controlling shareholder and the actual controller of the company.
Guizhou State-owned Capital Operation Co., Ltd. is a wholly-owned subsidiary of Guizhou Financial Holding Group Co. After the completion of this gratuitous transfer, Maotai Group will hold 678,291,955 shares of the Company, accounting for 54.00% of the total share capital of the Company; Guizhou State-owned Capital Operation Company Limited and Guizhou Financial Holding Group Limited Liability Company together hold 62,311,148 shares of the Company, accounting for 4.96% of the total share capital of the Company.
On December 21, at Guizhou Maotai’s 2020 National Dealer Fellowship, the dealers swore to not increase sales, not hoard, not inflate prices, not shift sales, not fictitious sales, resist counterfeit infringement, etc. Guizhou Maotai shares once stood at 1,900 yuan during the trading session on December 23, hitting another record high, but liquor stocks dived in the afternoon, with Guizhou Maotai down 2%.
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