subject: Gome, Suning, Yongle Big Three Deny The Cross-holding - Gome, Suning, Yongle - Hc Network Appliance [print this page] Suning: adhere to the Non-Aligned partnering
Yongle: No time to join forces
States United States
: Merge only with the backward
Yesterday (June 14, 2006), the media exposed the United States abroad, Suning, Yongle shares to each other, leveraging the joint control of the market. The sound makes the news surprise, was immediately denied the parties.
Although some believe that Best Buy into China for several large retail chains has caused tremendous pressure, but in Suning, Gome, Yongle view, this is just normal market competition, will not change the competitive landscape now, even more will be "forced" several merger.
Rumors
Big Three shares to each other
After the acquisition of Five Star, Best Buy, Yongle, Dazhong after the merger, it seems to have used nerve
Home Appliances
Chains of the "M &." However, yesterday (June 14, 2006) of a media be exposed Gome, Suning, Yongle three domestic electrical appliances chain co-operation regarding the plot, or a lot of people are incredible.
According to media reports, Wing-lok, vice chairman, as vice president of beam, said: "Industry consolidation is a trend, the key is in what way is the capital of cooperation, mutual ownership, or joint procurement, or other forms. was not yet determined the final program, we are negotiating the deal. the introduction of specific programs, so fast this year, would slow next year. "
Another manufacturer also revealed that this year, Gome, Suning, Yongle three possible cross-holding, the current ratio of equity participation is unclear. Three possible nominal shares of 10% -15%. Purpose is to establish communities of interest, together control the market.
Counter
"Will be refuted rumors"
This message, at the press yesterday (June 14, 2006) was a comprehensive interview denied.
Sun Weimin, president of Suning Appliance, said in an interview, "never heard such a thing." Sun Weimin told reporters that Suning has consistently adhered to "go hand in hand non-aligned" principle, and the National United States, Wing-lok, a normal work such as peer contact, in some major activities will be joint procurement, but definitely not a "mutual equity participation." In current circumstances, we can work together to create a healthy competitive environment is the most important competition in several strategic partnerships should be formed, refused to vicious price competition, maintain reasonable profit. State Operations Center, Headquarters United States Vice President Yang Qing He also "shares the three mutual" thing to be denied. Ho Yang Qing said the competition can promote development, "World of Datong" situation is the final result can only be regressive with everyone, "sooner or later be refuted rumors of."
As "confirmed" and beam is, yesterday (June 14, 2006) interview was irritating. He explained to reporters how the formation of this rumor: "Previously, when a reporter asked me, and will not appear together in the situation several time, I answer, if this happens, only mutual equity participation form. did not expect, he was turned into several to form an alliance. "
Analysis
Listed company "common ground" is difficult
Rumors "3 shares 10% -15% with each other," while the three with the listed companies, a situation close to the "Arabian Nights."
Beijing Securities analyst Li Yang said that as a listed company, the sale of shares is a very complex matter, not to mention the three transactions. Suning Appliance is now listed on the Shenzhen small and medium plates, the recent series of daily limit; States United States, Wing-lok also have listed in Hong Kong, the current profit in good condition.
