Home Depot heavily Hegemony China Building Materials Market
Stake in the East to be 500 million U.S. dollars to their homes, both 8 to 10 years Investment 5 billion yuan in China
Reporter learned from relevant channels, global Home Building materials industry giant Home Depot to their homes on the East shares continue negotiations, the two sides are currently in Hong Kong to discuss the specific details of the share transfer is expected, cooperation agreements will be signed before the end of this month. However, the Home Depot on the East home before the bid will be much higher than the 200 million U.S. dollars, jumped to 500 million U.S. dollars.
In the industry that the price is unreasonable
For such a price, the industry have said that if 500 million U.S. dollars to buy 49% stake in Orient Home, then obviously the price is not reasonable.
Learned that Home Depot stake in Orient Home of the funds will be used for future expansion of the Orient home. This is just the Home Depot grand homes on the East inject the first step, then split into their homes may be the East Overseas Listing . Meanwhile, both sides announced a Chinese market to investment of up to 50 million marketing campaign, the strategic deployment phase will be completed in 8 to 10 minutes.
A trade company executives told reporters, Home Depot and B & Q , OBI , The world's other well-known chain of building materials enterprises have been in close contact, and finally locked the East homes for the partner, also the Orient home with the relatively low asking price.
Eastern Group shares are not up against or
The official analysis, B & Q to more than 150 million pounds of the price of the acquisition of 13 stores OBI generous, will never happen at home, Orient Home Depot shares trading. B & Q in the domestic market has been grinding on for a few years, many of the domestic market, a better understanding of the special circumstances, so do financial auditing OBI more relaxed. The Home Depot is in full accordance with internationally accepted financial standards, such a strict auditing practices, making their homes in the East part of the assets of property rights is not clear in the total assets will be counted. In addition, the Eastern home in Guangzhou, Shenyang and other places in the shops is a serious loss, but also affected the amount of investment in Home Depot.
Market reaction if the individual is the judge. Yesterday, news that Home Depot shares to be bid for 500 million U.S. dollars Orient home, but the Eastern bloc stock opened today to 3.80 yuan, Zhong Pan to close at 3.73 yuan, down to 2.10%, while volume is not active stock yesterday. Orient Securities analyst Zhang Man Institute for the retail industry, said today, according to the Eastern bloc disk performance, Home Depot shares plans are not to be optimistic about the market and attention. But the Eastern bloc is the largest investment in recent years, Orient Home, the use of non-raised in 2004 the company invested 439.5 million yuan, all of the East into their homes by the end of 2004 has 22 stores total area of 40,000 square meters are the warehouse building materials supermarket to area Total is the largest building materials supermarket company. These backgrounds make their homes in the East is confident and believe that therefore the trade for the acquisition of 49% stake in Orient Home offers 3 billion dollars is reasonable for both sides.
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