What is the relationship between Wang Laoji and Jiangxi Hon Hai?

Jiangxi Honghai is the controlling shareholder and actual manager of Wang Laoji. Jiangxi Hon Hai Group acquired a 49% stake in Wang Laoji's producer Wang Laoji Co., Ltd. on 20 16 after holding China Jincha. According to related reports, the acquisition involved a total amount of 20 billion yuan, which was one of the largest grain purchases in China at that time. Therefore, it can be said that the relationship between Wang Laoji and Jiangxi Hon Hai is to become the controlling shareholder and actual manager of Wang Laoji through the acquisition of Jiangxi Hon Hai. Jiangxi Hon Hai Group is a large enterprise group headquartered in Nanchang, Jiangxi, and its business fields include food and beverage, real estate, investment and other fields. Wang Lao Ji is a famous beverage brand, whose products include herbal tea and other drinks.