Nanjing New Hundred Acquisition Of Nanjing China World Trade Center Center

< p > Nanjing new 100 announced yesterday that it will acquire assets such as Nanjing international trade center of major shareholders, and is expected to become the largest department store in Xinjiekou after the completion of the acquisition.

After the stock market resumed yesterday, the stock price was once closed.

< /p >

< p > < < a href= > http:// > www.sjfzxm.com/news/index_c.asp > > acquisition > /a > plan. The company intends to purchase the 100% stake of Nanjing Xingning industry and the 100% shares of Nanjing Rui Trade by way of non-public offering of shares to the third shareholder group of the controlling shareholder.

The total paction price is 680 million yuan.

< /p >

< p > Xingning industrial, < a href= "http:// www.sjfzxm.com/news/index_c.asp" > Rui and Commerce > /a > the main assets are the property assets of the Nanjing international trade center with a building area of more than 20 thousand square meters.

Among them, the main business of Xingning industry is the lease and management of its own property. Currently, it owns 20653.95 square meters of property assets of the Nanjing International Trade Center podium.

< /p >

< p > the main business of Rui and commerce is the lease and management of its own property. At present, it owns 556.63 square meters of property assets of the Nanjing International Trade Center podium.

< /p >

< p > > a href= "http://? Www.sjfzxm.com/news/index_c.asp" > Nanjing new hundred < /a > indicates that through this paction, the company will add more than 20 thousand square meters of its own property, and the new hundred Center store will become the largest department store in Xinjiekou business circle.

< /p >

< p > the company plans to set up new functional areas such as catering and leisure with its newly owned property, and introduce fast fashion brands to further enrich the operation of the new hundred central store, enhance the consumer experience and attract more customers, thereby significantly enhancing the influence of the company in the Xinjiekou business circle and Nanjing retail sector.

< /p >

< p > Nanjing new 100 has been suspended since March this year. After the resumption of trading yesterday, the share price quickly rose to the limit, and finally closed at 12.45 yuan, up 7.89%.

< /p >

< p > in fact, after more than 10 years of rapid development, traditional department stores have encountered bottlenecks.

Recently, the commercial department listed companies have issued the 2012 annual report, and the net profit growth of many companies has declined compared with the same period. More than 10 listed companies have seen a year-on-year decrease in net profit.

The statistics of China's Department Store Association in 2012 showed that the sales volume of 81 large and medium-sized retail enterprises in 2012 was 228 billion 270 million yuan, up 8.92% from the same period last year, and the total profit was 6 billion 10 million yuan, down 6.14% compared with the same period last year. The sales profit margin was 3.08%, down 0.78 percentage points compared with the same period last year.

< /p >

< p > and from 2006 to 2011, the average annual growth rate of sales volume in department stores was 16.5%. In recent years, some stores closed stores.

For example, in February 2013, Guang Bai Department Store officially announced the closure of the Chengdu store. In March 2012, Huaihai store, the first department store in Shanghai, ceased business.

19 years ago, this department store was the landmark department store in the lot.

< /p >

< p > in the bad environment, the key to the acquisition of Nanjing's new 100 billion acquisition is the integration of the later stage and the synergy effect through integration.

< /p >

< p > if Nanjing's new 100 integration HOF strategy is successfully implemented, by increasing the proportion of Chinese products and reducing costs, through the output management and brand increase of Nanjing's new 100 gross profit, through the issuance of new shares to obtain funds in the domestic market expansion and grafting HOF's brand and management, then the cross-border mergers and acquisitions will have a win-win effect.

< /p >

< p > at the same time, a net profit of 4% on the basis of the existing 15 billion 600 million yuan sales volume of the consolidated statement should be expected, that is to say, it may generate a net profit of 600 million yuan.

< /p >

< p > if the average price earnings ratio is 20 times that of the general merchandise industry, then the market value of Nanjing new hundred will be 12 billion yuan.

And the proportion of 22% of the three groups will also increase due to the private placement, and its market value will be about 3 billion 600 million yuan at 30%.

By the end of July 3rd, the latest market value of Nanjing's new hundred is only 4 billion 200 million yuan, which can be seen at least in the two tier market. The acquisition is expected to achieve a win-win situation.

< /p >