Huarun 10000 Lost Shandong Shandong Huarun 100 Million 100% Were Pferred

All the shares of Shandong Huarun Wanjia life supermarket Co., Ltd. were listed and pferred on the Shanghai stock exchange.

This is also the obvious sign of another exit from the Shandong market after the official takeover of seven Huarun stores in Shandong in March this year.

At this point, Huarun Wanli completely withdrew from the Shandong market.

According to the information of the Shanghai joint stock exchange, the pferor is Tianjin Huarun Wanjia life supermarket Co., Ltd. (hereinafter referred to as "Tianjin Huarun Wanjia"), and the pfer target is the 100% equity interest of Shandong Huarun Wanjia life supermarket Limited (hereinafter referred to as Shandong Huarun Wanjia).

According to the share pfer announcement, in 2017, Shandong Huarun Wan Jia net loss has reached as high as 123 million yuan.

In the first quarter of 2019, Shandong Huarun's 10000 business revenue was 157 million yuan, with a net loss of -1042.07 million yuan.

At the end of the first quarter, the company's total assets amounted to 128 million yuan, its total liabilities amounted to 742 million yuan, and its owner's equity was -6.14 billion yuan.

As early as March, Shandong Huarun Wan has entrusted its store assets to Jia Jia Yue Group.

In March 6th, Jia Jia Yue announced that Jia Jia Yue passed the "motion on asset management agreement signed by the company" in March 6, 2019, formally taking over Huarun's seven stores in Shandong.

According to the announcement, Jia Jia Yue signed the asset management agreement with Tianjin Huarun and Shandong Huarun.

According to the agreement, Tianjin Huarun will operate seven stores in Shandong Huarun (Ji'nan 2, Qingdao 3, Zibo 1, Yantai 1) and Shandong Huarun to support the management and management of the seven stores' daily operations.

During the trusteeship period, the company enjoys the right to operate, manage assets, personnel hiring and appointments and dismissal of Shandong Huarun under the agreement, including the facilities and facilities management of the stores, supply chain management, commodity management, sales management, staff management and other matters related to the operation of the supermarket store business. Seven

It is worth noting that in the escrow agreement, it is also shown that if there is a total loss in the custody period of the 7 stores in Shandong, there is no need for Huarun Shandong to pay any management fee to the family.

If the 7 stores have accumulated profits during the trusteeship period, Shandong Huarun will pay management fee to Jia Jia Yue by 30% of the total profit.

At the same time, the loss during the trusteeship period is borne by Shandong Huarun or its shareholders. If the annual losses of the 7 stores during the trusteeship period exceed their unaudited profit losses in 2018, the loss will be exceeded by part of the family's compensation to Shandong Huarun.

Before that, Huarun has hosted 5 stores in Beijing to Wumart.

And after taking over, the development of Huarun in Beijing is focused on the small business in the supermarket.

For the Shandong market, Huarun million has been in a state of rapid contraction since 2017, and several supermarkets have been closed. In Ji'nan alone, Huarun has closed down four Wanda Plaza stores, popular Plaza stores and Zhonghai Huanyu City store.

Today, Huarun not only fully stores the stores in Shandong, but also pfers 100 percent of the shares, which means that the brand of Huarun will be formally and completely withdrawn from the Shandong market.

With the impact of all kinds of new retail and fresh supermarkets, the old supermarket has gone to the end of the road, whether to pform or give up, this is a question worth pondering.