Gome Acquired Dazhong 3.6 Billion Yuan Total Assets
12 evening of 14 22:58 min
States United States Electrical Announcement to 3.6 billion yuan acquisition of Beijing Dazhong Electrical Appliance all of the assets, announced in part as follows:
Section 13.13 of the Listing Rules to disclose the transaction to be announced
Board of Directors announced that a subsidiary of the Company has entered into loan transactions Tianjin consultation, thus, Tianjin consultation will be through loans
Bank Provided to the buyer a loan amount of RMB 3,600,000,000 yuan. The buyer will use the loan to buy the target company’s total registered capital. The buyer and target company shareholders have all the registered share capital of the target company trading agreements, and the target company’s shares are registered ownership changes.
Board of Directors also announced that Tianjin has entered into discretionary management consulting agreement whereby the buyer will consult for the appointment of Tianjin
Proxy To Management And business objectives of the company.
Tianjin consultation also set the options agreement, whereby the buyer company in Tianjin consultation will grant exclusive options to acquire the target company to the buyer’s acquisition of all or any part of the registered share capital.
Loan Bank Beijing Branch of Industrial Bank Co., Ltd., Tianjin, Tianjin States United States Advisory
Business Management Consulting Co., Ltd., and
Target company for the Beijing Dazhong
Home Appliances Chain Sales Co., Ltd.
. Tianjin consultation will be commissioned through the lending bank loans in accordance with the terms and conditions contained in the contract provided to the buyer a loan amount of RMB 3,600,000,000 yuan. Loan period is December 14, 2007 to December 13, 2008, according to the annual interest rate of 6.561 determined rates. Loans will be credit to the buyer company the following manner:
1, on December 17, 2007 loan of RMB 700,000,000 Yuan;
2, on December 20, 2007 400,000,000 yuan RMB loan;
3, on December 21, 2007 loan of RMB 400,000,000 yuan;
4, on January 10, 2008 loan of RMB 1,500,000,000 yuan;
5, to September 1, 2008 loan of RMB 600,000,000 yuan.
Loans will be commissioned by the loan contract of 12 months beginning with the expiry of a lump sum repayment.
For loan transactions entered into discretionary management agreements and share option agreements reasons:
The Group has, through market integration and with the industry
Cooperation To seek growth in shareholder returns. Enter into loan transactions through the documents, agreements and options entrustment agreements, the Group is able to consolidate its presence in China, especially in Beijing as the electrical and
Electronic Consumption The status of leading product retailers.
Entrustment agreement that the Group in the China market, especially in a market in Beijing to achieve integration, to reduce competition and stabilize market prices. In addition, the Group will supply channels can be integrated with the target company, thereby reducing the Group’s supply costs and improve operational efficiency.
Entrustment agreement and additional options to the Group’s revenue sources, including management fees and interest and other amounts payable, may also increase the amount of the company’s earnings per share. Share Pledge Agreement, the target company and the buyer company’s equity pledge agreement will be granted to the Group to guarantee loans.
Agreement through the options, the Group has the exclusive option, may be timely exercised to purchase the target company’s registered share capital.
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