YONG: Hebei accounted for 30% of Yong's rev in 2009.
So I understand Yong cannot afford the risk of having that much in the hands of an "independent" distributor who not only sets prices and margins on that portion but probably also can sell the list to a competitor!
That mskes me question Yong's franchise model. What does it own ?Yes, it expands extremely fast but doesnt have much territorial right on its distribution channels. Does this mean they will have to buy out all the other territories too and spend more cash and shares?
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