Nanjing Xin Bai Ding Adds 680 Million To Build The Concept Of Three Cell Square

The price of the P group is priced at 680 million yuan, which is packaged into the Nanjing International Trade Center in the golden section of southwest corner of Xinjiekou, Nanjing. The main asset is Nanjing Xingning industrial 100% and Nanjing's 100% stake.

The purpose of Yuan Yafei's move is to form a linkage between Nanjing's new hundred, Nanjing international trade center and Nanjing international financial center, which had been purchased for 2 billion 480 million yuan before the establishment of the concept of three cell square.

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< p > correspondingly, after a series of capital operation of Sanqi group, its shareholding ratio also increased.

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< p > < strong > largest department store concept < /strong > < /p >.

< p > Xinjiekou, Nanjing, known as the first business district of China, which is home to more than ten large department stores.

Among them, the new Nanjing Nanjing International Trade Center will be injected into the wall of Nanjing new hundred building, and Hu Xuefei, general manager of Nanjing new hundred deputy general manager, said Nanjing's new business area is about 50 thousand square meters. At the same time, with the steady growth of corporate profits, the company needs to expand its business area. However, due to the limited operating place, many fast fashion formats are hard to introduce. If we can add 20 thousand square meters of Nanjing International Trade Center, Nanjing new hundred will be able to break through this bottleneck.

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< p > Nanjing new 100 admitted that the leading shareholder of the new private placement company is the big shareholder.

Not long ago, Yuan Yafei's three group group paid 2 billion 480 million yuan for the acquisition of Nanjing international financial center (Nanjing international financial center in the southwest corner of Xinjiekou, Nanjing new hundred in southeast corner, separated from each other, while Nanjing international financial center is South East Mall, also belongs to Nanjing new hundred assets).

Hu Xuefei said that once the Nanjing new hundred acquisition of Nanjing China World Trade Center center was completed, the four commercial projects of Nanjing new hundred, Nanjing International Trade Center, Dongfang shopping center and Nanjing international financial center could be linked, especially Nanjing new hundred and Nanjing International Trade Center, and the two could "cross the wall" to attract tourists.

"Orient mall positioning high-end, Nanjing new hundred positioning middle end, Nanjing international financial center positioning fashion, the three complement each other."

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After 8 years of commercial war, Chang Ning's commercial department store sunning galaxy has not achieved any success. Nanjing Xinjiekou now presents Yuan Yafei's three branches, the Chinese business department of Zhu Yi Cai, the Golden Eagle Department of Wang Heng, and the posture of the four square feet of Xinjiekou's northeast corner.

But because of the luxury brand of de chi square, the mass department store is equal to Yuan Yafei, Zhu Yi Cai and Wang Heng's "War Within Three Kingdoms".

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< p > once the three branches and Nanjing new hundred a href= "http://www.91se91.com/news/index_c.asp" > buy /a > British department stores, the three branches will not only get the concept of Nanjing's largest department store, but also can import the concept of Sanmen square to expand nationwide.

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< p > < strong > capital calculation < /strong > < /p >

< p > on the one hand, the "a href=" http://www.91se91.com/news/index_c.asp "> assets" /a "injection of the three groups is a" famous teacher "on the fundamentals of listed companies, but on the other hand, Yuan Yafei also plays a card called" market value management ".

The injection of the Nanjing International Trade Centre mentioned above has increased the market value of the new hundred listed companies in Nanjing through premium, and the share of the three group has also increased.

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< p > "I feel that Yuan Yafei's asset injection is not over yet.

Nanjing's new 100 market capitalization has always been undervalued. The triplet also hopes to enhance the market value and share price of listed companies by injecting high-quality assets. It also hopes that the assets of the three assets will be revitalized by the platform of Nanjing new hundred listed companies.

According to this train of thought, it is only a matter of time before the three groups will pour the assets of Nanjing's international finance into Nanjing's new hundred listed companies.

One of the core competitors of Nanjing's new hundred cities is an executive at the central shopping mall.

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< p > before the issuance of the new issuance, Nanjing's total share capital is 358 million shares. The third group is the largest shareholder and has a 21.98% stake. If the issuance is successfully completed, the total share capital of the listed company will increase to 439 million shares, and the shareholding ratio of the three group will be raised to 31.3%.

This is not the proportion of Nanjing's new 100 total equity and three cell group after the injection of British department stores.

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< p > during the suspension of business in April this year, a hundred blockbuster dropped in Nanjing.

The company intends to set up a special acquisition department in the UK to spend about 1 billion 600 million yuan to acquire a 90% stake in Fraser, Britain's 164 year old department store.

The latter has 59 stores in the United Kingdom and one in Ireland and the Middle East. The total sales area is more than 4 million 900 thousand square feet in Abu Dhabi.

However, Nanjing's latest 100 new financial results show that only 880 million yuan in the company's currency is enough to cover the acquisition.

That is to say, it is imperative to increase refinancing.

This newspaper learned that the acquisition of this asset is most likely to be completed by a single target for large shareholders, rather than a private placement of not more than 10 investors.

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< p > The Research Report of Shenyin and Wanguo is close to the "personal feeling" of the central shopping malls executives.

"The capital operation has opened the prelude to the operation of Nanjing's new hundred market capitalization, and the future or more through capital integration to achieve the leapfrog growth of the company," said the newspaper.

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< p > < strong > < a > href= > http://www.91se91.com/news/index_c.asp > capital > /a > hidden trouble < /strong > /p >

< p > Nanjing new hundred announced in the announcement that the acquisition of the Nanjing international trade center and the British department store are two independent events and are not mutually preconditions.

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< p > in the face of the strong expansion of the three cell group and Nanjing new hundred, its internal executives of the Central Mall of the "deadly enemy of the city" said that overseas mergers and acquisitions are more about the consideration of the three groups and Nanjing's new hundred brand image. Although the original intention is good, it may not bring direct benefits to the listed companies in the short term.

"At first, the British media gave Fraser a valuation of 450 million pounds, but the final announced price was only 155 million 300 thousand pounds, which means that the debt situation of the acquiring target has been very deteriorating, or even on the verge of bankruptcy."

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< p > public information shows that in the other bid, namely the Nanjing International Trade Center, by the end of 2013, the net assets of Xingning industry were -975.45 million, and the net assets of Rui and commerce were 8 million 969 thousand and 400 yuan.

The net profit of the two companies from 2011 to 2013, respectively, was -281.07 million yuan, -72.97 million yuan, -338.36 million yuan, and -257.92 million yuan, -191.72 million yuan, -320.55 million yuan, all showed a continuous loss.

The Nanjing international trade center used to operate a bookstore called the public bookstore, but the bookstore has chosen another location in the first half of this year.

"At present, department stores are pforming, not that the larger the business place is, the higher the profit will be."

The industry insiders said.

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Nanjing P's cash flow is not abundant enough to burn money.

The company's asset liability ratio is 68.05%, which is higher than the average level of 55.16% of the same industry.

Among them, the company turnover ratio and the quick ratio were 0.76 and 0.44, respectively, which were lower than the 1.28 and 0.92 of the peer level.

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< p > that is to say, although the 680 million yuan of Nanjing's new 100 acquisition of Nanjing international trade center can be raised through private placement and refinancing, if the acquisition of assets does not bring practical benefits to the listed companies, it means that the capital operation of Nanjing's new hundred capital is only a simple addition, and it will not be positive, which will ultimately bring liabilities and burden to the listed companies.

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