subject: Suning Spent 57.3 Million Acquisition Of The Real Intention Of Japan Laox [print this page] Japanese electronics chain "old" LAOX an emergency,
Suning Electric homeopathic White. Suning will spread in the industry's first overseas expansion lock within a few days after the Japanese LAOX, Suning announced yesterday quickly became the largest shareholder LAOX.
In accordance with the acquisition program, Suning will be 12 yen per share price of subscription LAOX million private placement shares of the company 6667, a total investment of 800 million yen (about 57.3 million yuan), after injection, Suning will have LAOX Company 27.36 % of the shares and became its largest shareholder. Injection of funds will be used to LAOX and repurchase the company's operation and development of some parts of the former preferred shareholders preferred stock, Suning will appoint two directors to the company's board of directors LAOX. Suning Appliance (002024) rose 1.31% yesterday, to close at 16.26 yuan.
White LAOX Suning 57,300,000
Suning announced yesterday Subscription LAOX private placement of shares, the company holds a 27.36% stake in LAOX become its largest shareholder, officially entered the history of nearly 80 years old and famous Japanese electrical appliances chain, which is China's enterprises the first acquisition of listed companies in Japan.
LAOX founded in 1930, was born in Japan's largest electric street??? Akihabara. Career's most brilliant, LAOX in more than 150 stores nationwide,
Sell Volume ranking second in China.
But LAOX began declining since 2000,
Financial Crisis has become the last straw that overwhelms LAOX. In April, LAOX announced the 15 suburban stores will all close before the end of September. Currently, LAOX only 10 stores, Main 3C
Home Appliances , Cartoon game, Toy Model, musical instruments and other products.
2008 fiscal year, its sales revenue 40.648 billion yen (about 2.886 billion yuan), a decrease of more than 31% in 2007. This is the LAOX losses for 9 consecutive years, ranking the industry in Japan also fell to No. 10 bit.
"This year, LAOX companies seeking to conduct business restructuring, an invitation to the Suning Appliance. After initial contact, the depth of communication, third-party due diligence, investment programs and a series of consultation procedures, the official reached this investment acquisition program. "Sun Weimin, president of Suning Appliance to communicate in the media yesterday, was also admitted, Suning and LAOX the interaction time" not too long. "
Quickly for Suning why the company decided to LAOX injection, Sun Weimin explained, LAOX business category and business model richness Suning great reference. "Through this cooperation, first of all is the ability to understand and learn from Japan's close-appliance chain industry in product planning, product distribution Chen, space design, store operations, customer
Service Upper side of the relevant operating experience, the promotion of Suning's business innovation in the local market. Second is the formation of collaborative procurement platform. "On the one hand, Suning can LAOX introduced the current domestic market is also a lack of animation games, toys, models, instruments and appliances around supporting a large number of 3C products; on the other hand, LAOX Suning will be affordable by the introduction of Chinese products to Japan, China entered the international market, creating more open space for wider channels, but also can be shared through joint procurement scale to more purchases of goods at competitive prices.
In order to give investors confidence, Sun Weimin stress Road, this is a modest-scale foreign investment, "a total investment of RMB 57 million, net assets of 0.65%, representing the market value of 0.079% Suning. According to our follow-up operations of the company This is also a risk controlled investment. "
"LAOX Suning Appliance is a subsidiary of Japan"
"Frankly speaking, the White LAOX not Suning expected first step in the internationalization strategy.
Suning Spent 57.3 Million Acquisition Of The Real Intention Of Japan Laox
