Cross Border Acquisition? Busen Shares, Which Have Suffered Setbacks In Recent Years, Intend To Buy Mccauley.

July 5th evening, Zhejiang Busen

The Limited by Share Ltd (hereinafter referred to as "Busen") issued a notice of continuing suspension, saying that Beijing Mccauley Technology Co., Ltd. (hereinafter referred to as "Mccauley") would pfer all or part of Mccauley's share ownership to Busen, and Busen would pay the consideration to Mccauley and other shareholders in issuing shares and / or paying cash.

It is noteworthy that Busen has already deducted net profit losses for 4 consecutive years.

In 2014, Busen's total revenue amounted to 482 million yuan, a year-on-year decline of 25.98%, a net loss of 102 million 700 thousand yuan, a sharp fall of 5050.60% over the same period last year. In 2015, the report showed that Busen's total revenue amounted to 402 million 400 thousand yuan, down 16.52% compared with the same period last year, and the net profit loss was 24 million 180 thousand yuan, an increase of 77.92% over the same period last year. Busen's operating income dropped by 8.15% to 369 million 600 thousand yuan in 2016 compared with that of the previous year, and the net profit deficit narrowed to 22 million 570 thousand yuan. In 2017, Busen's performance fell again, and the total operating income dropped by only $8 billion.

Busen said in its announcement that it would make full use of

The resources and competitive advantages that the industry has accumulated over the years, focus on fashion apparel, vigorously layout the fashion industry, integrate and develop new retail businesses, and vigorously develop the financial technology business with the main direction of supply chain management.

Through this paction, Busen can make use of Mccauley's management experience in the retail field as well as the technological accumulation in the scene selling technology.

The new retail industry has sunk to stores, taking the offline retail terminal as a breakthrough point, accelerating the ability of industrial integration, improving the synergy of business segments, so that the retail business and the retail terminal can achieve better integration and docking, so as to achieve the goal of optimizing the company's industrial structure and focusing on strategic positioning, so as to make the Shanghai city company and Mccauley develop in an integrated way, become bigger and stronger, and create greater value for shareholders.

It is reported that Mccauley is one of the largest chain of communication products in China, and has entered into a strategic partnership with telecom operators and major brand mobile operators.

At the beginning of 2017, signed a strategic cooperation agreement with Jingdong. At present, the business model of "Jingdong's unbounded retail" was initially formed, with the support of "wholesale + retail" and "Online + offline".