On July 23, @dangdang founder Li Guoqing posted a video on Weibo discussing the dispute over Wahaha Zong Qinghou’s inheritance. In the video, Li Guoqing said that he has always been supportive of Zong Fuli. It is not easy for a company. Everyone only knows how to divide the cake. Who can continue to make the cake bigger? Even if you keep the cake, don't lose it in the process of fighting.
Li Guoqing said that when Mr. Zong was critically ill, he mentioned that overseas assets belonged to Zong Fuli alone, but he did not mention domestic assets, and even the shares and the title of "chairman" were not given to Zong Fuli. If there was no will, the claims of the three children would most likely be valid.
He mentioned that Zong Fuli's actions after taking office broke the balance originally arranged by Mr. Zong. This balance is to use Ms. Du to occupy a certain proportion of the water plant in Wahaha on behalf of the three children as a guarantee of their stable profits. But Zong Fuli cut off all those water plants and turned them into water plants controlled by herself to operate and entrust Jinmailang to do the work. This broke the balance of Mr. Zong's domestic property, which is why the three children advocated splitting the shares domestically.
The dilution of shares is a fatal blow to a company. He believes that these three children are advancing but retreating. In name, they want domestic shares to be divided, but in fact they want 1.8 billion US dollars overseas.
"Unfortunately, the game between them is likely to destroy Wahaha and the foundation created by Mr. Zong over the years. This is a matter of 'three losses' - the shareholders lose, Zong Fuli loses, and the three children also lose." Li Guoqing suggested that we sit down and negotiate, how to divide the cake in the past and how to divide the cake in the future. There is nothing that cannot be agreed upon, and the family will be happy.
