2005 is Chinas wine industry restructuring the first year of do-.docVIP

 PAGE \* MERGEFORMAT 25 2005 is China’s wine industry ‘restructuring the first year of’ do? ■ 2005 ‘China’s wine industry’s’ first year of institutional change’? With the October 29, 2004, Changyu A’s announcement that the SASAC will Yantai Changyu Group, 45% of the equity transfer to the Yantai Yuhua Investment Company (the transfer price of 387.9951 million yuan), which means the state in 2004 Winery restructuring draw a ‘full stop’! Recalling the 2004 restructuring of state-owned wineries is undoubtedly the ‘theme’ one! During the year, ‘Jiannanchun groups’ successful implementation of the MBO MBO, ‘the success of the Group of Hunan’ successful completion of ‘alcoholic liquor’ controlling, ‘Shandong Confucian family’ into ‘Hong Kong-based Group, 10000’ and so on! In February 2005, ‘Guizhou Dong wine’ was ‘Shenzhen Zhenye’ complete the acquisition marks with ‘Old Eight wines’, one of the ‘Guizhou Dong wine’ goodbye ‘state identity’, to be a truly joint-stock company! At the same time as the Changyu Group’s’ restructuring ‘standard paragraphs, the entire wine industry in the state system, the enter a new’ high tide ‘:’ Jiannanchun Group ‘,’ Quanxing ‘acquisition of the MBO,’ Langjiu Group ‘was acquired by the Sichuan Glory,’ Confucian family groups’ marry ‘Shenzhen 10000-based group’ and so on; in February 2005, Guizhou Dong alcohol completely remove the ‘burden’ and re-establish a ‘private enterprise’ come to the national identity of Jiu Shi front. All this invariably indicates that in 2005, China’s wine industry will usher in a ‘restructuring first year’? Through the nature of the phenomena, we need to ask is: Why should have to seek restructuring of state-owned liquor? In fact, through the entire wine market, more and more fierce market competition, it is easy to see what the original intention of calcium system. Came from a planned economy era of state-owned wineries in the market economic conditions, particularly in the liquor market competition w