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The 10 Year Restructuring Of Beijing Xidan Friendship Group Will Finally Come To A Conclusion.

2010/8/16 15:35:00 29

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In August 5th, Xidan shopping malls for a week after the suspension had not resumed, and a notice was announced that Beijing Xidan friendship group was planning to restructure assets related to Xidan shopping malls.

Beijing

Business circles

According to people familiar with the matter, the restructuring of Xidan and the first brigade group, which is widely known, has entered the substantive stage under the impetus of the SASAC. The continued suspension of the Xidan shopping center indicates that the two sides have basically reached a consensus and are discussing the specific merger plan.

Beijing Xidan friendship group owns Xidan old brand Xidan shopping mall Limited by Share Ltd, Beijing Beijing Friendships Building, Beijing friendship packing pportation company and so on.

10 years ago, the company came out and reorganized. It merged with several other famous brands in Beijing, such as Wangfujing and urban and rural trade.

The Xidan friendship and the restructuring of the first brigade group are mainly concentrated on

Commercial assets

The first brigade group currently owns many shopping malls and shopping centers, such as Yansha friendship mall, noble friend building, Jin Yuan new Yansha MALL, etc., with a total scale of ten billion yuan.

If the first brigade group injected the new Lufthansa group into the Xidan shopping center, the Xidan market with only more than 1 billion 800 million of the asset size now surged by more than 5 times, exceeding the total about 7000000000 assets of Wangfujing and becoming a new commercial carrier in the Beijing market.

Since 2006, Xidan shopping mall has begun to expand to the West.

Department store

Still in the market incubation period, in 2008 dragged down the company's performance led to a loss of about 30 million 550 thousand yuan, until last year, the first three shops in Xinjiang, Chengdu and Lanzhou began to turn losses into profits.

Unlike Xidan shopping malls, the new Yansha group is located at the Fangzhuang store and Tongzhou store, and the Yansha friendship mall and Yansha outlets are all high-end shopping malls. Jin Yuan's new Yansha MALL is also a high-end and comprehensive shopping center based on Yansha friendship mall and Keyou building.

The merger of Xidan shopping malls and new Yansha group can complement each other in business form and enhance the scale effect of community shopping centers.

Wang Chengrong, vice president of Beijing Institute of Finance and trade, thinks that due to the positioning difference of the shopping malls in Xidan shopping malls and new Yansha group, it is possible to add uncertainty to the integration prospect.