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Dazhong electric took over the yongle china tianjin 11 stores by ayay wang





Article Author Biography
Dazhong electric took over the yongle china tianjin 11 stores by
Article Posted: 08/07/2011
Article Views: 83
Articles Written: 2282
Word Count: 729
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Dazhong electric took over the yongle china tianjin 11 stores


 
Business,Business News,Business Opportunities
Stock exchange by way of both the formal merger of shareholding



Last Friday (April 21, 2006) evening, Song Hong, general manager of Dazhong Electronics suspicion in the eyes of an announced, medium and large electrical appliances and Yongle (China) started to cooperate fully. Happened too suddenly, so that journalists ask each other "is really you."



With the news will



depth, a fact that surfaced: The Chinese appliance's youngest brother and the formal adoption of the five ways to achieve both equity share exchange merger. Since then, North District, 11 Wing Lok stores taken over by the large and medium. The medium and large there is another bonus: you can use a new way to get listed.



Yongle died 10 days in North China region



4 12, reporters have hurried Jiuhua, North China region to participate in the establishment of Yongle a news conference. However, only 10 days, it was high hopes on the collapsing region.



4 21 evening, general manager of Dazhong Electronics Song Hongxuan cloth, Beijing, Yongle and Dazhong Electric Appliance Co., Ltd. (China) electrical



Ltd. had signed an agreement on April 19, the two sides to implement a comprehensive strategic cooperation. SONG statement in accordance with the future, medium and large and Paradise will launch joint procurement, and logistics and delivery, product display, storage, development,



Management cooperation. Within an agreed period, the stock exchange through the realization of merger of Dazhong and Yongle of the shares, with a year's time both sides will complete the merger.



SONG, said the merger process will be based on their strengths both areas of North-South Management, not to set up a separate regulatory body. Under this strategic agreement, medium and large to take full control of Paradise in the 11 stores in Beijing and Tianjin, will



, Personnel, procurement, distribution and many other aspects of unified management.



Had been appointed general manager of North China Region of Yongle (China), Liu Hui, vice president, the job titles into "management committee deputy director of the large and medium companies", Beijing, Tianjin will also serve as general supervision.



Rely on Beijing-Shanghai Tianjin strong words "National Su"



The home appliance industry is considered a major event not seen for 10 years, the greatest significance is that it is likely to change domestic



Industry, the existing position.



Even in the domestic appliance



Nearly 400 stores and more than 38 billion yuan of annual sales ranked first,



Nearly 300 stores and the second highest annual sales of 35 billion yuan. Has nearly 200 stores and 100 Wing-lok, medium and large stores were in third, fifth, annual sales were more than 200 billion yuan and 11 billion yuan.



Although the figures from the simple and the point of view, Yongle and Dazhong remained Gome, Suning differences, however, appears in the large and medium, master of Beijing, Shanghai and Tianjin markets, to a certain extent, equivalent to control of the country market.



SONG, said in an interview, medium and large in Beijing, Tianjin, a total of 72 stores, market advantage is obvious; Paradise in Shanghai also account for more than 60% market share in East China, central China has an absolute advantage. Shanghai Jin occupy commanding heights of business, can achieve low cost operations, sales volume and sales were also healthy



. It is also good for the supplier.



However, faced with the impact of the Gome and Suning still "fooling." Suning CEO Sun Weimin, told reporters bluntly, 50% of the funding model will face



Level, the staff and management a variety of issues such as difficult to succeed. Gome



Management Center Director Yang Ching Ho said that Gome has 400 stores across the country have been established in 2008 to reach 120 billion yuan sales target, currently in the development step by step, will not be outside interference.



Sized market to round dreams curve



The other hand, the listing of large and medium long delay in the completion of this "merger" after, it is possible to create a new market model.

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