Mao Ye Business Changed Plans To Terminate The Acquisition Of Taizhou One Hundred

In recent years, the Maoming business, which has been in the trend of mergers and acquisitions, suddenly changed the fixed growth plan announced in June this year.

The latest increase plan shows that

Decided to increase the plan by the acquisition of Qinhuangdao Maui Holdings Limited (hereinafter referred to as Qinhuangdao Maui), Taizhou first department store Limited by Share Ltd (hereinafter referred to as Taizhou one hundred), Chongqing Mae industry

The limited liability company (hereinafter referred to as Chongqing Maui) equity and repay bank loans, adjusted to acquire Qinhuangdao Maui, Chongqing Maui equity and repay bank loans.

That is to say, Mao Ye business decided to terminate the acquisition of Taizhou one hundred.

Since last year, MAE Yip business has been continuously buying and selling department stores assets from Huang Maoru, a major shareholder of Shenzhen Maoming industrial and Commercial Co., Ltd. (hereinafter referred to as Maui industrial store) and its real controller. On the one hand, it has resolved the competition with major shareholders, and on the other hand, has enhanced the scale effect of the company, trying to create a "department store platform".

Reporters noted that Taizhou one hundred is the assets of Maoming estate.

Why should Maopai business terminate the takeover?

In August 11th, Zheng Yi, deputy director of Mao business, explained that considering the recent changes in the capital market (the two level market trend is uncertain), the company's business plan (deep plowing existing areas, steadily expanding new areas) and the specific situation of Taizhou one hundred, the company will be injected into the listed companies in the future.

Fixed increase scheme "shrink"

In the retail department store trade acquisition and restructuring, Mao industry business has attracted much attention.

In June 6th of this year, Mao Ye business had issued a fixed increase plan of 2 billion 800 million yuan for the acquisition of three department stores. The move was considered as "improving the layout of the national retail market".

However, in August 11th, the MAE business announcement indicated that the scheme had been revised and the fund-raising amount was adjusted to 2 billion 267 million yuan.

According to the latest plan, Maopai business plans to acquire 100% stake in Qinhuangdao Maoming industry held by China trillion Cci Capital Ltd at 1 billion 549 million yuan, and 438 million yuan to acquire Mau Ye general store (China) and Chongqing Maoming industry 65% and 35% respectively held by China trillion Cci Capital Ltd, and repay bank loans at no more than 280 million yuan.

Previously, the company's intention to buy Taizhou one hundred one hundred stake in Maoming industrial estate for 643 million yuan is no longer in the plan.

That is to say, Maopai commerce has terminated the one hundred acquisition plan for Taizhou.

The same is the assets of large shareholders, why Taizhou one hundred was halted? In August 11th, Zheng Yi explained that the department took into account the recent changes in the capital market (the two market trend is not clear), the company's business plan (deep plowing existing areas, steadily expanding new areas) and Taizhou one hundred specific circumstances.

"From the regional layout of Taizhou one hundred, besides Taizhou one hundred, the controlling shareholders and actual controllers of the company have retail stores in Jiangsu, Taizhou, Changzhou, Wuxi, Yangzhou and other places.

If this acquisition of Taizhou stores alone, there may be competition or significant competition in the industry on the one hand. After the completion of the acquisition, there will be a higher amount of related pactions.

In the case of Taizhou one hundred, Zheng Yi explained in the mail.

In reply, Zheng Yi also said, "the major shareholder and the actual controller will strictly abide by the industry's competitive commitment to solve the same industry, and will continue to inject the listed companies according to the promise."

With the "one hundred out" of Taizhou, the reporter noted that, compared with the pre adjustment plan, Mao Yip business has also changed the trading price in Qinhuangdao's Maoming industry and Chongqing Maoming industry in the revised and revised edition. Among them, Qinhuangdao's Maui 100% stake price has been raised from 1 billion 549 million yuan in the plan to 1 billion 549 million yuan, and the 100% equity price of Chongqing Maui has been reduced from 527 million yuan to 438 million yuan in the plan.

For the above changes, Zheng Yi explained that it is because "Qinhuangdao Maoming forecast value is initially estimated data, there is no detailed survey data as the basis", Chongqing Maoming industry is due to the completion of 75 million cash dividends after the benchmark assessment date.

Company: there is no strategic slowdown.

In fact, Huang Maoru's capital opera has always been staged.

Mao Ye business has published its own business logic: the future will create a "department store platform."

The company also said that in the next 4 years starting in 2015, all the domestic department stores of Mao Ye system should be integrated into Mao Ye business.

In the view of Ran Lichun, President of Sichuan chain business association, the assets of Mao Ye's commercial acquisition of large shareholders are like "left handed down right-hand". They are all "family members". It is the adjustment of internal assets of Maopai system, so as to maximize the benefits of assets.

In fact, apart from the acquisition of its own assets, MAE Yip business is also expanding its reach to more regions when expanding abroad.

In June 2015, Maopai commercial intends to make a price of 8 billion 560 million yuan to buy 5 Maoming industry assets such as the peace Maoming industry, Huaqiang North Maoming industry, and some assets premium exceeds 1200%.

In October of the same year, Mao Ye business disclosed that it planned to spend 2 billion 470 million yuan, holding 100% stake in Chengdu Renhe Spring Department Store Limited (East Department Store) and 100% equity of Renhe Spring Department Store in Chengdu Qingyang district (Guanghua Department Store), through the wholly owned subsidiary of Chengdu holding company, to expand the market to the middle and high-end field, and two department stores have already completed the pfer.

In February of this year, MAE Yip went to the north and announced that it would buy a 70% stake in vyorie group for 1 billion 565 million yuan and expand its business to North China with an appreciation rate of 17229.24%.

It is worth noting that in recent years, department store retail business is not optimistic. Not only did Maopai business have a double drop in revenue and net profit in 2015, but also in many other department stores.

Against this background, the expansion of the counter trend and the several mergers and acquisitions of Maoming industry have been questioned too high.

Now, the acquisition of the three family changes, does it mean that under the background of the overall decline of retail sales department, the "department store platform" strategy of Maoming industry has begun to slow down the pace of expansion? In this regard, Zheng Yi said that the company will continue to promote the "department store platform" strategy according to the existing rhythm, and there is no slowdown or securities.

Regulatory environment to make adjustments.