China's leading liquor producer Wuliangye Yibin (000858.SZ) has disclosed a mixed-ownership reform plan, under which it will issue additional shares to its employees, distributors and strategic investors via a private placement, a distributor of Wuliangye revealed on Monday, quoted by a media report.
Wuliangye Yibin took the employees and distributors as core communities of interests and the strategic investors were to take the remaining shares, the National Business Daily quoted on Tuesday news from TJKX.com, a news platform of the food industry.
The A-share listed company has suspended share trading to work on the mixed-ownership reform plan and didn't give response to the distributor stock ownership plan.
Distributors of Wuliangye welcomed the new ownership plan and said they would buy some stakes for endorsement of the value of Wuliangye.
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