Xinhua Department Store Shareholders Continue To Influence The Stock Market.

Xinhua daily 10 announcement said that as of September 10th, Shanghai Bao Yin and Shanghai trillion win as a concerted action, through its four fund accounts total purchase of company A shares totaled 64984909 shares, accounting for the company's issued shares 28.8%. Shanghai treasure silver and Shanghai trillion win behind the people actually in fact

Big guy Cui Jun, that is to say, through the Shanghai Bao Yin and Shanghai trillion win, Cui Jun has increased its share of Xinhua Department Store shares to 28.8%, approaching 30.76% of the largest shareholder of Xinhua Department store, Wumart holdings and its co operative people.

It is reported that Xinhua Department store has been in a bad state in recent years due to the "cold winter tide" of the whole department store. In the half year 2015, the company achieved 3 billion 776 million yuan in business revenue, an increase of 9.8% over the same period last year, and realized a net profit of 124 million yuan attributable to shareholders of listed companies, down 38.8% compared to the same period last year.

In the half yearly financial report of Xinhua Department in 2014, net profit attributable to shareholders of listed companies after deducting non recurring gains and losses was 9 percentage points lower than the same period last year.

According to the first half of 2015, according to Wuming's earnings report in the first half of June 31st, Wuming's total revenue reached 11 billion 680 million yuan, up 11.9% from the same period last year.

About 2 billion 270 million, an increase of 6.8% over the same period last year.

Net profit is about 250 million yuan, down 19.5% compared with the same period last year.

Compared with 2012, 2013 and 2014, the annual net profit of Wumart found that Wuming's net profit decreased year by year, from about 600 million yuan in 2012 to about 450 million yuan in 2013, and then to 390 million yuan last year.

It is reported that before that,

Through the Shanghai Bao Yin and Shanghai trillion wins many times to increase the holdings of Xinhua Department stores, once accounted for 25%.

This further increase is undoubtedly for Cui Jun to increase the "balance" of the beauty of the chips.

In fact, after the big shareholder of Xinhua Department store and the two shareholder of Cui Jun, the big shareholder has entered the white hot competition.

Earlier, Cui Jun had called on Xinhua Department store to convene a provisional shareholders' meeting to consider the 1 billion bills, including Shanghai Bao Yin, Shanghai trillion win and Xinhua Department Store jointly invested in the establishment of Berkshire Holdings Limited, with a registered capital of $1 billion, and 5 bills concerning the removal of two directors and the election of two directors (one of them is Cui Jun himself).

The proposal was rejected by Xinhua Department store.

Xinhua Department Store issued a notice in August 21st, saying that the board did not think that it had the conditions to convene the company's provisional shareholders' meeting and consider the relevant proposals, and did not convene the provisional shareholders' meeting.

However, in order to further strengthen its controlling stake in Xinhua Department store, Wumart holdings is not idle.

In May 23rd, Xinhua Department Store issued a non-public offering plan. The company intends to issue no more than 56 million 630 thousand shares to three specific objects at a price of 17.66 yuan / share, raising a total of 1 billion yuan to increase the main business of the department store and supplement the working capital.

Among them, the company's controlling shareholder, Wumart holdings, intends to subscribe for 51 million 30 thousand shares, accounting for more than 9.

So far, the shareholding ratio of Wumart holdings will increase from 26.91% to 39.59%, and it will remain the controlling shareholder of the company.