AsianFin – Hangzhou Wahaha Group responded to the ongoing transfer of the "Wahaha" trademark, confirming that 387 trademarks are currently being transferred from Wahaha Group Co., Ltd. (the "Group Company") to Hangzhou Wahaha Food Co., Ltd. (the "Food Company") through the National Intellectual Property Administration.
The company emphasized that the transfer is being conducted in strict accordance with legal regulations and has not negatively impacted the Group's operations or asset stability.
The statement clarified that the "Wahaha" series of trademarks were initially registered under the Group Company. When the Food Company was established, the Group transferred the trademarks as part of its capital contribution to the Food Company, a move that was evaluated and approved by the relevant authorities.
As part of the contribution, the trademarks were listed as intangible assets, while some were transferred through asset sales by the Food Company to the Group. This arrangement led to the Food Company owning the "Wahaha" trademarks, while the Group retained a 39% equity stake in the Food Company. The two entities have submitted the trademark transfer application in compliance with regulations.
The delay in finalizing the trademark transfer registration was attributed to historical disputes between the Group Company and a foreign company, not due to any legal or regulatory restrictions on transfers.
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