Gome acquired Dazhong curve over the final price or of 3.8 billion yuan – Gome, Dazhong and Suning – HC network appliance industry
Announcement of the Hong Kong Stock Exchange, said its subsidiary, Tianjin GOME GOME Business Consulting Management Limited came forward, through the Industrial Bank (market share it) Beijing branch to the third-party Beijing Zhan Sheng Investment Co., Ltd. to provide 3.6 billion loan, war Saint-management company will use the loan to acquire the entire registered capital of medium and large appliances.
This means that States United States beat rival Suning will be sized in the bag. But why should the United States through a third party country to buy large and medium curve? In the completion of the acquisition, how will the U.S. deal with large and medium state's stores?
Curve acquisition In the December 16 video press conference held for the so-called third-party, Gome president Chen Xiao said, "This is the country a strategic partner the United States."
Information obtained by reporters, "mystery buyer" holy war investment in a high-tech enterprises in Beijing by Liu Chunlin, who in August 2003, with registered capital 10 million yuan, the company spent 800 million yuan in 2003 RMB fully into the appliance industry, its business scope covering almost the entire white goods from the audio-visual class to class all consumer electronics products, the main product was disk player, an annual turnover of 1 billion yuan.
Public information also shows that war holy company registered in Shenzhen, the Beijing Chaoyang District office address was jointly building the company to state very close to the United States, was first established that announced a strategic cooperation with Gome partnership to promote "holy war" brand appliances.
Announcement shows that the commissioning of a loan payment, the country provided the U.S. side will be five times: December 17, 2007 lent 700 million yuan, 20 December lent 400 million yuan, 21 December lent 400 million element; January 10, 2008 1.5 billion loan, 1 September to lend 600 million yuan. Santa needs to fight the loan contract in the commission 12 months after the commencement of a one-time pay off the loan, and in accordance with the 6.561% annual interest rate to pay interest, which means that the acquisition until at least September 2008 to complete.
Before the announcement, war Holy management company and the shareholders of medium and large electrical appliances have been sized on the sale and purchase agreements all the registered capital, and are registered medium and large electrical changes in the ownership of shares, while the country has made the United States Tianjin consultation discretionary management agreement whereby the management company holy war the country will be appointed as Acting United States Tianjin Consulting to manage and operate medium and large electrical appliances business.
Escrow for medium and large GOME commissioning practice, Chen Xiao gives three reasons, "This is a transitional arrangement, mainly because of the shareholders and investors take into account the security and interests. Through the full commission business management approach will integrate and operate medium and large electrical good, then good company into Gome; a secondary consideration, hope to complete the acquisition of medium and large electrical demand; the same time, the direct acquisition of Dazhong Electronics, Gome needs to the Ministry of Commerce approval process and other departments need time. "
He also told reporters, "Su Ning previously announced agreement not expressed in terms of the core is the all-cash acquisition mode, medium and large electrical appliances shareholders Da middle to complete the transaction as quickly as possible, while the country does not take the U.S. model is in fact a stock purchase Da in my arrangement will make a one-time deal, it will not be dilutive to existing shareholders of the shares of Gome. "
The country the United States is not the acquisition of large and medium sized previously, Chen Xiao said the company's shares to facilitate trading, in large and medium chairman of Da on October 31 this year in Beijing Nisshin registered sales of medium and large home appliance chain Limited ("New large and medium"), this is what the acquired company. The new medium and large will have medium and large electrical appliances Co., present in all retail store network and systems, all debts and liabilities before, nothing to do with the new medium and large. Gome's acquisition, it does not assume the debt after debt.
3.8 billion final cost could
16-day press conference also revealed that holy war Tianjin, management consulting has entered into an option agreement, Tianjin consultation will be holy war management company exclusive options granted to the buyer's acquisition of all or any of medium and large electrical appliances part of the registered capital, but the consultation will be the purchase of Tianjin share price will not be less than the 3.65 billion yuan, specifically for the 3.65 billion yuan or 36.5 million, coupled with the date of purchase to the equity investment when the Holy War has the United States to pay interest on the country during the period minus the distribution of profits
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