Ren Zhengfei, the founder of Huawei, has described shareholders of public companies as greedy and short-termist, in a forceful rejection of the idea of listing the Chinese telecoms equipment maker.
“In reality, [public] shareholders are greedy and want to squeeze every bit out of a company as soon as possible,” he told a gathering of western journalists in London. “People who own this company are not greedy?.?.?.?Not listing on the stock market is one of the reasons we have overtaken our peers.”
In the rare discussion, Mr Ren said Huawei was already transparent enough in its dealings without a listing, in spite of the concerns raised in the US and Australia about connections to the Chinese state.
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