Electric Co., Ltd. (0493.HK, hereinafter referred to as "Gome"), announced to the cost of 7 million yuan a wholly-owned M & Wuhan Zhongnan Commercial Group Co., Ltd. (000785.SZ, "the Wuhan Zhongnan Commercial") in
Project, while Wuhan Zhongnan Commercial officially released the announcement on the sale of related assets, including Wuhan Zhongnan Commercial involving existing appliance stock merchandise and 7
According to "China Network" was informed that, in the appliance retail business in Wuhan, the issue of ownership of the project, had also had the Shanghai Yongle Electrical Appliances (0503.HK) expressed an interest.
Wuhan Zhongnan Commercial regression main
Acquisition of information disclosed by both sides, Wuhan Zhongnan Commercial on Nov. 4, 2005 and Wuhan Guo America Limited ("Wuhan Guo America") and Gome signed a "cooperation agreement", Wuhan Zhongnan Commercial spin off its appliance business and transfer to Wuhan Guo accordance with the agreed conditions the United States, including not more than 38.6 million yuan (including tax) of stock merchandise, and the existing seven appliance sales
Also sublet to Wuhan Guo America
It is understood, Wuhan Zhongnan Commercial
Limited liability company under in Wuhan, with annual turnover of nearly 10 billion, with home appliance retailers in Hubei Province
In the third. Wuhan Zhongnan Commercial appliances store network coverage Wuhan, Xiantao, Hubei and markets, including four large stores located in Wuhan.
Of Commerce chairman, said strict regulatory side, the asset sale means that the formal exit appliance business group business, the business will concentrate on department stores and discount stores. Strict regulatory side, said home appliance chain stores has been stationed in Wuhan, the traditional department store business a huge impact on home appliances, home appliance store to open is the trend of large professional.
Shao, senior analyst at Changjiang Securities
steady view, home appliance retail trend of the future is the professional low-cost operation, and its revenue model relies on large-scale network and
Supply chain resources. Department stores do not have this capability, while establishments away from the community, supporting the lack of conditions of service.
Has acquired in the Black Swan and easy after a good home, Gome again by way of mergers and acquisitions in central China improve its layout.
Since July, Gome has completed a market distribution, Gome has further strengthened the national secondary and tertiary market development, Sun, general manager of Gome chain development center of a Dingjie Shao said commercial appliances as the most well-known in Hubei home appliances
One of the existing network with Gome little duplication, so it is incorporated into the planned acquisition, Gome.
Central Region General Manager of Gome Zhao Fei in an interview, also said the acquisition of Wuhan Zhongnan Commercial Gome appliance business, not only to make up the United States and now in Wuchang District Wuhan Guo network deficiency in Jingmen, Bristol and other places distribution model is more consistent with the current expansion, Gome secondary and tertiary markets
Before, Shanghai Yongle Electric Appliance has spread to the acquisition of Wuhan in the business of "scandal." For the three major home appliances stores for home appliances, Wuhan has been the Paradise "blank", the Wing-lok, said Marketing Manager HUANG Jianping Guo, Wing-lok into Wuhan is inevitable, but the time and manner of problems.
In such circumstances, Gome acquired business in Wuhan, is the industry that "meaning rich." Gome Guangzhou Branch concerned explained to reporters, Wuhan, China in the U.S. business is a strong opponent in Wuhan, through the acquisition of rival, Gome stores in Wuhan, 20 more than the market, market share is expected to reach 60%, the formation of
The person had used a vivid metaphor to describe the acquisition of the country the significance of the United States: "injured his fingers, as one means broken." GOME
Weak regional rival forces by means of a monopolistic advantage of mergers and acquisitions, raise barriers to entry by other competitors. I am an expert from China Suppliers, usually analyzes all kind of industries situation, such as tie dye tapestry , upholstery fabric tapestry.
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