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Overweight Jiangsu Five Star
Electrical
After losing all the shares of the negotiations, the world's largest
Consumption
Electronic
Best Buy Group leading enterprises turn has been discovered the secret and S Trading Company (600898.SH) the largest shareholder of Sanlian Group to start merger negotiations, the underlying price of 1 billion U.S. dollars.
Holdings of all shares of Jiangsu Five Star Appliance failure of negotiations, the world's largest consumer electronics group Best Buy, leading enterprises are be exposed secret and S Trading Company turn (600898.SH) the largest shareholder of Sanlian Group to start merger talks target price of 1 billion U.S. dollars.
Affected, S Trading Company reported income consecutive daily limit yesterday, were recorded from May 11 the first five daily limit since the trading day (day respectively in May 11,14,15,16,17), the final closing at 13.51 yuan per share.
100% overweight five-star frustration
Information, as the world's largest consumer electronics retail chain, Best Buy as early as the end of the century will be set up in Shenzhen in China for large special
Purchase
The office, formally announced in 2002 seeking to enter the Chinese market, opening shops. Last year in May at Best Buy announced that it ranked fourth in China, Jiangsu Five Star Appliance inject 180 million U.S. dollars were 51% controlling stake.
End of last month, informed sources have told us that now accounts for 51% shares of Best Buy hopes to overweight the way, achieving 100% wholly owned Five Star. And early March of this year began with Wang Jianguo, chairman of the Five Star office to negotiate, but the latter was clearly negative. Five Star King Star, said Planning Director of the Centre, Five Star does not plan to cash in all the options.
Best Buy spokesman for the China News uniform external diameter, the "Best Buy this year, do not buy the assets of the Five Star program."
Analysts pointed out that Best Buy is poor operating performance in China, with domestic
Home Appliances
Chain competition, the outlook is uncertain. To accelerate the creation of own-brand stores to give up, through the purchase of domestic appliances retail peers, leveraging familiar with the civil war in this five-star "Tuba Lu" to and
States United States
, Suning confrontation, after all, the reality of business management.
S Trading Company Vacant Position?
Of sources to Gome and Suning, led by domestic
Retail
State has been a new round of consolidation in the brewing. Over a hundred sitting on the Yangtze River Delta area in the store not a capital increase in Jiangsu Five Star, Best Buy does not discourage other suitable hand-held chain of resources heavily coveted the idea.
Needed capital into shares of reform and development to solve the bottleneck of the S Trading Company quickly went into Best Buy high-level vision.
Information, Sanlian Group Holdings currently has a trading company under the S-14 appliance outlets, close to 100
Franchise
Shop; in the country has nearly 200 stores, more than 200 service stations. Say, S is a trading company in Shandong market is still the giant among the sales revenue of Shandong Province for many years
Business
First.
S trading companies, however unsatisfactory the current operating conditions. April 14, S Trading Company notice issued performance, said a loss the first quarter of the amount of about between 3.5 to 4.5 million yuan.
Nearly triple the Group informed sources, in March this year, Best Buy and Jiangsu Five Star talks on capital increase at the same time when it accepted the initiative to invite Sanlian Group. At Best Buy proposal is that a general offer to 100 million U.S. dollars held by the Group Triple S Trading Company All 10,337.10 million.
The source also pointed out that the main S Trading Company, Best Buy is a major obstacle to the price, triple group S trading companies held a total of 10,337.10 million, after tradable share reform to the current secondary market price basis, the equity value should be 10 billion yuan, while the Best Buy in the S Trading Company stock before the change, only willing to offer around 100 million U.S. dollars.
