"Friendship Shares" Will Be Renamed "Bailian" Reorganization Curtain Or Opened?

< p > < strong > the reform of state owned assets is higher than that of a href= "http:// www.91se91.com/news/index_c.asp" > recombination < /a > expectation < /strong > /p >
< p > Bailian Group currently owns 4 listed companies. Besides friendship shares, there are also the first medicine, Shanghai material Trade and Lianhua supermarket. In 2011, the 948 million new shares of A were exchanged and the shares were absorbed and merged. At the same time, Bailian Group owns 43.5% of friendship shares and becomes the controlling shareholder of listed companies. < /p >
< p > the newly merged a href= "http:// www.91se91.com/news/index_c.asp" > the listed company < /a >, thus becoming the listing body of hyper and department store business of Bailian Group's operator, and the income and profit are adjusted to the two parts of the supermarket business of friendship shares and the department store business of Bailian joint stock. In addition, prior to the merger of the first department store and Hualian Shopping Mall, Lianhua supermarket and Hualian Supermarket, the competition problem of Bailian Group basically "disappeared" after the merger. In addition, Bailian Group still has assets such as new road group, which are not listed. Some of the retail assets of the latter, such as the food business department, department store business department, Xuhui tobacco and sugar liquor company, become the biggest conjecture of the market for the subsequent assets injection. < /p >
< p > but since then, the expectation of asset injection and equity incentive has failed in the three years of waiting. Two years after the announcement of the merger and acquisition of Bailian, the share price of friendship shares fell more than 60%. Until the friendship market restores confidence to the market, it is already a new dividend for Shanghai's reform and release of state assets. < /p >
According to the reform thinking of "Classified Supervision" in the current round of reform, Bailian Group, as a full market competition state owned enterprise, undertakes the reform task oriented by the market and maximizing the economic benefits of enterprises as the main objective. P Shenyang Wanguo said that the current round of reform will substantially promote mixed ownership and rationalize the incentive mechanism of competitive companies. The future of friendship shares is expected to promote innovation of incentive mechanisms through reform, and promote the expansion of extension and endogenous business efficiency. < /p >
< p > the above asset injection and system reform are expected to hit again, which has led to a rebound in the share price of the friendship group after two years of concussion and a rise of about 20% from the beginning of the year to the previous stage. < /p >
< p > < strong > < a > href= > http:// > www.91se91.com/news/index_c.asp > Internet < /a > transformation is coming soon > /strong > /p >
< p > expectation, asset injection, extension merger and acquisition, equity incentive and the introduction of Internet companies as strategic investors, which is the first stop of Bailian Group's replay? < /p >
< p > on the occasion of the new speculation in the market, the leaders of the Shanghai municipal committee investigated the Bailian Group in July 24th. The reform and transformation of Bailian Group also released a clearer signal. < /p >
< p > the official website of Bailian Group said that the impact of the Internet age on traditional commerce is beyond imagination. "Facing challenges and shocks, transformation is the only choice through reform." In the half year working conference of Bailian Group last month, Ye Yongming, group president, also put forward the goal of fully implementing the electronic commerce project during the year. In terms of specific business operations, the department level mainly implements the strategic transformation of department stores, while the ultra business sector promotes the transformation of formats. < /p >
"P" Guotai Junan also issued a research report that, along with the continuous reform of state-owned enterprises in Shanghai, Bailian asset consolidation efforts will increase. Among them, the group's electronic business platform Bailian E city assets injection is more likely. Since 2007, the platform has undertaken the group e-commerce business, providing online trading platform for Lianhua supermarket, Hao Mei Jia and other non listed entities of its group. Commodity category includes daily necessities, 3C consumer products and air tickets travel services. "The transformation from friendship shares to the whole channel has significant synergy effect". < /p >
Li Guoding, general manager of the company P, said in a media interview that this year's friendship share is facing difficulties. In terms of performance, net profit growth in 2012 and 2013 has been negative for two consecutive years, and the company's performance has slightly improved in the first quarter of this year. This also shows that Bailian Group's Internet transformation is imperative. < /p >