Dazhong Gome and Suning goodbye Paradise refused to comment
States United States
After the annexation of Paradise, connected to the fourth largest buyer
Home Appliances
Retail
Dazhong
Electrical
Throw Hydrangea, also took the opportunity to put aside Wing-lok, medium and large, preparing a better price.
8 15, Dazhong Electric Vision
Cloth
And Paradise "break." In the last week, medium and large to the Yongle formally submitted letters of denunciation.
Dazhong and Yongle alliance in April this year, announced the merger completed by the end of this year, but in July, after the embrace of Paradise put Gome, Dazhong and Yongle of the alliance in name only.
From last week, medium and large to take over from the Paradise of Beijing and Tianjin 9 stores closed down all of rectification. The two companies previously in Qingdao, Xi'an joint
Investment
The attribution of the two new stores are to be ironed out.
Gome and Yongle
in the merger was announced, the domestic home appliance chain's shares have been volatile this week, two in the past 3 trading days, the Yongle and Gome's shares were both down.
Sized announced the cancellation Paradise The timing is very delicate. The day before, Yongle has just announced the company's mid-year report, the report shows a profit the first half of Paradise to drop 89% year on year to 15,018,000 yuan. Medium and large market that the stock would have to suppress suspected of Paradise, but denies the intention to affect large and medium Yongle's stock price.
In August this year, home appliance chain have been dazzling promotional activities, but medium and large appliances in Beijing topped the past two weekends, both large and medium Beijing branch sales exceeded 300 million yuan .
And customers together to own door to the well on behalf of the international investment bank
List
, One of them can not wait to convey to the medium and large home appliance chain of U.S. giant Best Buy's acquisition will.
"Best Buy last two weeks has been in consultation with our views, but now we are more concerned about the cancellation and the Paradise." Said Song Hong, general manager of Dazhong Electronics.
This year's "May 1", the medium and large stores to take over Paradise of Beijing and Tianjin, the use of large and medium supporting systems and substantially reduce the operating costs of these stores, but the rents were too high because these stores and increased the burden of large and medium in the country after the merger of the United States and Yongle, Dazhong do not want to "back these
Package
Fu. "
Busy and National Wing-lok, chairman Chen Xiao-US cooperation on this matter and there is not much evaluation. He believes that the unilateral cancellation will only medium and large, everything can be discussed.
Sized that there was nothing but negotiable. Medium and large expressed in terms of cooperation with the Wing-lok, hard-line opposition to, the cooperation of the country said the United States does not currently exist may be. Leave room is sized to recognize not give up the possibility of cooperation with other peers, and Wing-lok, 20 times previously agreed upon price-earnings ratio of the merger plan must also water up
Ship
High.
SONG told reporters on the large and medium cooperation agreement signed with the Yongle, Dazhong no violation. In view of the unilateral and third parties Yongle, so negotiations "break." Yongle had paid to the medium and large deposit of 150 million yuan, if the negotiations fail, will be the China International Trade Promotion Commission for arbitration to resolve the ownership of the money.
Currently 10 large and medium cities in China has 110 stores, of which more than 70 stores in Beijing. The first half of this year's sales more than 5 billion yuan, an increase of 25% over last year. SONG told reporters: "large and medium not short of money, present well, the last two years there is no intention of listing and financing."
SONG that the annual planning in the medium and large did not consider the merger, in March this year, both North and South Wing-lok, offered jointly help medium and large. But now the country under the United States to enter the pattern, contrary to the prevailing basis for cooperation. Medium and large can take now to improve road on their own.
Medium and large areas of external claims that its partners must meet four conditions?? Promote large and medium brands, the team must be the development of large and medium, large and medium of
Consumption
Must be better
Service
And more conducive to large and medium upstream suppliers.
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