Xidan Shopping Malls, New Lufthansa Group Merged &Nbsp, Total Revenue Of Over Billion.

After nearly a year's planning,

Together, revenues exceed $10 billion.

In June 7th, the first brigade group pferred its 100% stake in new Yansha holding company to the name of Xidan shopping center, and completed the registration of industrial and commercial registration on that date.

At this point, Xidan shopping malls became the sole shareholder of new Yansha holdings.

The restructuring of Xidan shopping malls and new Yansha is an initiative of Beijing SASAC to expand and strengthen Beijing's state-owned commercial assets.

After the merger, they will become a super large company in Beijing.

It is understood that the new Yansha holding assets are more, including Yansha friendship mall, Yansha outlets, shopping center, and so on, while the Xidan mall Limited by Share Ltd before restructuring has Xidan shopping malls, friendship stores and so on.

By the end of 2010, the total total capital of Xidan shopping mall and new Yansha group amounted to 4 billion 869 million yuan, with operating income exceeding 10 billion yuan.

The first general manager of Limited by Share Ltd, Dan Dan, said that after the establishment of the first commercial shares, it will speed up the cultural integration of several enterprises, and establish a relatively standardized and systematic internal control management system in line with the regulatory requirements of listed companies before the end of the year, and strive to achieve the effect of "1 +1" greater than 2 or greater than 3 in the shortest time.

"Yansha" executives are fully connected.

The restructuring of Xidan shopping malls has experienced a great change in management and the operation of Xidan shopping malls by the "Yansha" executives.

In June 23rd, Xidan shopping center announced that the new Yansha holding general manager Dan Dan had officially replaced Hao Jianzhong as the new general manager of Xidan shopping center.

Zhuang Xiao, former director of Xidan shopping center, resigned as director of the company as Wang Yilong and Yin arch.

At the same time, Wang Liqiang, Fu Yuehong, Zhang Yuejin, Kou Ping and Chi Yang, the core executives of the new Lufthansa group, also joined the new Xidan and became deputy general manager of Xidan shopping malls.

After restructuring, the ownership structure of Xidan shopping malls as a listed company has also changed.

The first Brigade Group officially replaced Beijing Xidan friendship group as the controlling shareholder of Xidan shopping center.

In July 25th, the name of the company's shares will be changed from "Xidan shopping center" to "first business share".

It is worth noting that after the two sides began to restructure, the Xidan shopping mall signed a commitment letter from the first brigade group. It promised that within three years from the end of the reorganization of the Xidan shopping mall, the first brigade group could not pfer its shares in Xidan shopping malls.

It is understood that in the first half of 2011, the main business of Xidan shopping malls and new Yansha Group continued to maintain a relatively fast growth trend, and sales revenue and business profits increased significantly.

In July 20th, Xidan Shopping Center issued a notice of pre performance increase in the first half of this year. After weighing group, net profit attributable to shareholders of listed companies increased by 700% over last year.

Industry perspective

"What is more difficult is the integration of corporate culture".

The follow up of Xidan shopping malls and new Yansha group is now the focus of attention in the industry.

Yesterday, a person in charge of a large shopping mall in Beijing said: "restructuring is not as simple as an executive order. What is more difficult is the integration of corporate culture.

There are many differences between Xidan and new Yansha in terms of corporate culture, market position and business strategy. It is very difficult for them to integrate.

The person said that the two originally belonged to competitors, and the executive executives need to adjust their mindset and practice as well.

Xidan shopping mall has been relatively "civilian" route, while the new Lufthansa high-end positioning.

After restructuring, Xidan shopping mall has the possibility of changing the high-end route.

capital market

Xidan mall surged 24% a month

Influenced by restructuring, Xidan shopping center has been popular in the capital market recently.

Shares have surged more than 20% in the past month.

Data show that the stock price of Xidan shopping center has soared since June 21st.

According to calculation, from June 21st to yesterday, the share price rose from 11.78 yuan per share to 14.62 yuan, or 24%.

Prior to the announcement of the Xidan shopping mall on the evening of June 22nd, the purchase of new 100% stake in Yansha Holdings has obtained all necessary approval and authorization.

The reorganized Xidan shopping center is favored by the capital market.

Galaxy securities issued a report in July 20th, pointing out that the company's share in the retail market in Beijing ranks first and the market control power increased significantly. Galaxy Securities believes that the coordination of strategy and management will be the key to maintain high growth.

Chronicle of events

July 28, 2010

Xidan shopping malls and new Yansha group began restructuring.

August 30, 2010

Xidan shopping center held a temporary board meeting to consider and adopt the motion on the company's purchase of assets from the Beijing Capital Tourism Refco Group Ltd.

November 17, 2010

Beijing SASAC agreed in principle that the Xidan shopping center issue shares to buy the asset restructuring plan of the 100% equity interest of Beijing new Yansha Holdings (Group) Co.

July 8, 2011

The provisional shareholders' meeting of Xidan shopping center adopted a motion to increase registered capital and change the name of the company, and adopted a motion to adjust the board of directors, board of supervisors and appointment of the company's management team.