Chongqing Department Stores Set Up Liquor Distribution Companies And Develop Foreign Sales Projects.

Chongqing department store announced in May 22nd that it agreed that the new Chongqing department store chain store Co., Ltd., a joint venture with Yibin Yixin Property Development Co., Ltd., established Sichuan Yibin Liquor Distribution Co., Ltd. (provisional name).

Project (thematic reading) total investment of 5 million yuan, of which the registered capital of 5 million yuan, Chongqing business new century department store chain Co., Ltd. invested 2 million 550 thousand yuan, accounting for 51% of the shares, Yibin Yixin Property Development Co., Ltd. invested 2 million 450 thousand yuan, accounting for 49% of shares.

The project has a payback period of 3.94 years and an internal rate of return of 30%.

Reporters found through the eye that the Yibin Yixin Property Development Co., Ltd. was founded in April 18, 2018, and the legal representative, Wang Shimin, has a registered capital of 8 million yuan.

It is wholly owned by Nanchong Yixin Real Estate Development Co., Ltd., and the registered capital of Nanchong Yixin Real Estate Development Co., Ltd. is 8 million yuan, with two shareholders, namely, Wang Shimin (95%) and Wang Zili (5%).

In addition, Chongqing department store also announced that the company agreed to a wholly owned subsidiary of Chongqing Zhongtian Property Development Co., Ltd., Chongqing Tongliang Zhongtian Industrial Co., Ltd. (with the qualification of housing development), and invested in the construction of the Tongliang Shopping Center Tower project, which was used for external sale.

The total investment of the project is 94 million 445 thousand and 900 yuan, the construction area is 22358.87 square meters, the investment recovery period is 5.34 years, and the internal rate of return is 32.11%.

Chongqing department store was founded in 1950. It is an early state-owned commercial enterprise in Chongqing and a commercial listed company in Chongqing.

After decades of hard work, the company has now developed into a major commercial retail chain enterprise with three major formats: department stores, supermarkets and electrical appliances.