After Accounting Overhaul, Can Wuliangye Share Buys Restore Investor Confidence?

After accounting overhaul, can Wuliangye share buys restore investor confidence?

The majority shareholder of Shenzhen-listed Wuliangye Yibin (Wuliangye) – China’s iconic premium baijiu producer – plans to increase its equity stake in the listed unit by purchasing between 3 billion yuan (US$441 million) and 5 billion yuan worth of shares over the next six months, in a move aimed at bolstering investor confidence after the stock slid to a six-year low. Analysts said the stake increase followed a prolonged downturn in China’s b…

A 12% Stake and a Looming Board Meeting: What Does Accor's Activist Investor Want?

UK activist fund Parvus has built a 12% stake in Accor, becoming its largest shareholder, but hasn't publicly disclosed its intentions.