Free Pfer Of Shares 26.73%, The First Brigade Became The Controlling Shareholder Of Wangfujing Group.

Beijing Wangfujing Dongan Refco Group Ltd has pferred Wangfujing's 26.73% stake to the first brigade group without compensation.

After this free pfer, the first brigade group directly held 207473227 shares of Wangfujing, accounting for 26.73% of Wangfujing's total share capital, and the first brigade group became the controlling shareholder of Wangfujing.

At the beginning of 2018, the Beijing municipal Party committee and the municipal government convened the Beijing Capital Tourism Refco Group Ltd and Beijing Wangfujing Dongan Refco Group Ltd reorganization conference, announcing the two enterprises to implement the merger and reorganization.

Since last year, the two major state-owned enterprises in Beijing have been officially reorganized. It is reported that the total assets of the new group will exceed 100 billion yuan and become a truly Beijing commercial aircraft carrier.

The merger of Wangfujing and the first brigade has led people to see the new direction of retail and tourism development.

Regarding this, the Beijing municipal government said that the reorganization of the two parties is a concrete practice to promote the preservation and appreciation of state-owned assets and to promote the development of state-owned capital. It is an important measure to comprehensively deepen the reform of state owned enterprises.

Although restructuring seems to be sudden, it actually has a prelude.

In 2016, Liu Yi, vice chairman and chief executive of the first brigade group, took over the post of chairman of Wangfujing.

At the beginning of 2019, after a year of reorganization, Liu Yi's core figure died of massive myocardial infarction.

Both companies are in an important period of the reform of state-owned enterprises, and this unexpected incident has attracted more attention from the outside world.

When Liu Yi was pferred to the Wangfujing group as chairman, many people thought he was an important figure in the merger and reorganization of the first brigade and Wangfujing.

Such a sudden event is regrettable, at the same time, the reorganization of Wangfujing and the first brigade continues to advance.

In March 22nd, the Wangfujing group Limited by Share Ltd issued a related paction announcement that it intends to increase capital by 320 million yuan in cash, Beijing Capital Tourism Group Finance Co., Ltd., which accounts for 12.5% of the total capital stock of the first brigade group financial company after the capital increase.

After the capital increase is completed, the first brigade group will hold 56.6% of Beijing Capital Tourism Group Finance Co., Ltd., Wangfujing, the first business share (600723), Quanjude will hold 12.5%, and the first brigade hotel shares 5.9%.

One is the leading commercial retail business in Beijing. One is the old department store in the future. The future will be integrated and the advantages will form superposition and complementarity. The sales scale and capital strength of the whole enterprise will be greatly strengthened.

Strategic restructuring is conducive to continuing to accelerate the centralized accumulation of advantageous asset resources and look forward to more actions in the future.