EMAIL DETAILS
SUBJECT:
Fw: Summary of Meeting with Mr. Zong Qinghou, Chairman/CEO Wahaha Group 12/18/2010
FROM:
D
darcher@rosemontcapital.com
DATE:
2010-12-20 16:12:05
MSG_ID:
<595147046-1292861528-cardhu_decombobulator_blackberry.rim.net-37153794-@bda615.bisx.prod.on.blackberry>
RECIPIENTS:
TO:
W
Thorne, William
<wthorne@rosemontseneca.com>
CC:
H
Biden, Hunter
<hbiden@rosemontseneca.com>
J
Stein, Jenny
<jstein@rosemontcapital.com>
S
Samuel Natapoff
<snatapoff@rosemontcapital.com>
CONTENT:
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Will, please see below and enter the following into the fund-raising log. Thanks. Devon Sent via BlackBerry by AT&T -----Original Message----- From: Sam Natapoff <snatapoff@yahoo.com> Date: Sat, 18 Dec 2010 13:51:55 To: Devon Archer<darcher@rosemontcapital.com> Cc: <snatapoff@rosemontcapital.com> Subject: Summary of Meeting with Mr. Zong Qinghou, Chairman/CEO Wahaha Group 12/18/2010 Devon, This is my suggested entry for the Excel spreadsheet to keep track of our process/progress. Please let me know if I've left out any data fields that you're already tracking. This was a good start, I think. Let's run this guy to ground. Best, Sam -------------------------------------------------------------------------- Subject: Mr. Zong Qinghou -- Chairman/CEO, Wahaha Group. Meeting: Met on December 18, 2010 at 1pm at Shun Lee Palace restaurant 155 E55th Street in NYC. Present at meeting from Investor: Mr. Zong Qinghou (Zong is his surname, does not speak English), Ms. Huang Minzhen (Huang is her surname -- she is his assistant, she speaks English). Present from RR: Devon Archer, Sam Natapoff Investor Contact info: Ms. Huang Minzhen, Hangzhou Wahaha Group, No.160 Qingtai Street, Hangzhou, China 310009 Tel:86 571 87880590 AND 86 13605705882 (mobile), Fax:86 571 87880599. Email: huangmzh@wahaha.com.cn Company details:(http://en.wahaha.com.cn/index.shtml) Established in 1987, Hangzhou Wahaha Group Co., Ltd has developed into China’s largest and most profitable beverage company. Wahaha established 150 subsidiaries in 29 provinces,totally 58 production bases, with the total assets of 30 billion yuan, and 30000 employees. For the 23 years, there are more than 360 world-top-class automatic production lines worth more than 10 billion RMB, imported from the U.S.A, France, Germany, Japan, Italy, and so on. The main production areas would include the milk drinks, drinking water, CSD, juice drinks, tea drinks, health-care food, canned food, leisure snaps, totally 8 categories and more than 100 species. In 2009, Wahaha’s operation revenue reached 43.2 billion RMB (increased 31.6% on the yearly basis), the tax and profit reached 12.57 billion RMB (increased 82.6%), and the payable tax reach 3.8 billion RMB. Wahaha’s 23-years’ persistent endeavors make itself listed No.1 in China’s beverage industry for 12 consecutive years in terms of the total output, sales revenue, profit before tax, profit and so on . In 2009, Wahaha listed No. 185 in China’s Top 500 enterprises, listed No. 93 in China’s Top 500 manufacturers, listed No. 44 in China’s Top 200 profit-making companies, and listed No. 1 in the beverage manufacturing industry. In China’s Top 100 private enterprises, Wahaha listed No.10 in terms of operation revenue, listed No.2 in total profit, and listed No. 5 in taxations. Discussion at meeting: Zong interested in tech transfer, renewable energy, life sciences. Specific business interests are powdered milk, corn syrup, WorldWaterSolar units, nanotechnology. Discussed RR. Kelly Zong (Mr. Zong's daughter) is apparently the best contact at the company to discuss RR with. Zong expressed concern that he receive PRC government permission to invest in hard assets outside China (key issue to resolve for RR generally -- DA should raise with Gao Zhiqing of CIC on his trip in mid January). Action items: NYS contact for milk powder -- Natapoff Contact for corn syrup through Heinz -- Archer Contact with Kelly Zong (daughter of Mr. Zong) -- Natapoff and Archer. Follow up: Mr. Zong agreed to possible meeting for Archer (possibly Natapoff as well) with Mr. Zong in China 2nd week of January on Archer trip to CIC. Must have milk and corn syrup contacts for meeting. Archer to present contacts IN PERSON at meeting. Since SN paid for lunch, Mr. Zong will host in China. Must be prepared for that meeting. Archer and Natapoff must make contact with Kelly Zong immediately. Natapoff will email Ms. Huang for Kelly Zong's email address.
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