Kelly Zong Fuli, daughter of the late Chinese soft drinks billionaire Zong Qinghou, has stepped down as legal representative, chairwoman and general manager of Wahaha Group, a year after taking over.
Zong was succeeded by Xu Simin, formerly the head of the legal department at an associated company, according to the latest corporate filings on the mainland. She retains her 29 per cent stake in the group.
The 43-year-old took over the beverage empire – known as China’s Coca-Cola – after her father…
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