Gome Huang Guangyu financing 6.55 billion shares down to 49.4% – Huang Guangyu,
Huang Guangyu
Action in the capital market is growing. Yesterday (14),
States United States
Electrical
(HK.0493) announced that it will focus on
Financing
6.55 billion Hong Kong dollars, focusing on accounts with suppliers to shorten the period, the purchase of stores, establishment of logistics bases and the construction of
ERP
System. This is a country the United States last year after the merger with First Capital Paradise The action also means that China
Home Appliances
Chains round the capital war ignited.
Huang Guangyu equity fell to 49.4%
It is understood that this and fund-raising work, the National United States will "Placing of new shares" and "the issue of convertible bonds," completed in two ways. States United States the transaction is
Private enterprise
The largest convertible bond issues, the largest ever convertible bond issues and offshore renminbi issue premium of the largest convertible bond issues.
States United States announced that, after the first will be the first new approach to the old 13.30 Hong Kong dollars per share, placing 110 million shares, raising about 14.6 billion total. Placing the country about the enlarged issued share capital of the United States 3.5%, placing and subscription is completed, the main shareholder of Gome Huang Guangyu and his associates of the equity share of the total issued share capital will be reduced to about 51.2% to about 49.4%.
In addition, the States United States will also proposing to issue RMB and U.S. dollar denominated payments, zero coupon due 2014, convertible bonds, real principal amount of bonds issued 4.6 billion yuan, an additional principal amount of additional bonds 4 billion yuan. Initial Conversion Price of 19.95 Hong Kong dollars. If the full conversion of bonds for 255 million shares, or about 8.3% of the issued share capital. After issuance, Singapore, Gome will
Securities
Exchange for listing.
Funds for the improvement of four percent, "zero for the relationship"
By these two financial arrangements, States United States total about 65.5 billion raised and used to improve relationships with suppliers, opening new stores, establishing logistics bases and the construction of four ERP systems. Chen Xiao, president of GOME, said about 40% of the funds (that is, 2.62 billion Hong Kong dollars) will be used to optimize capital and operating mode, reducing cycle accounts payable with suppliers, improve profitability and competitiveness.
Some time, as Gome and Suning appliance chain enterprises such as the growing strength of its relationships with upstream suppliers strained. Gome 2006 annual report, accounts payable end of the year to 126 billion, paid time to reach 135 days, than the previous year increased. The status of the "zero for the relationship" has brought a greater negative impact.
Industry experts believe that the country raising funds for use in the United States and 40% for the shortening of accounts with suppliers to improve vendor relations, that country the United States has been aware of their own problems and eager to change this predicament. At the same time, it also means competition in the Chinese home appliance chain has bid farewell to a price war,
Service
War in full swing of the capital strength of the Competition.
Gome will open in Chengdu, "the first shop in the west"
Concern is that state financing of the United States more than one third of the funds will be used to purchase some good quality store property,
Lease
The new store, optimization
Network
And shopping environment for existing stores to re-Plant. According to the plan, the country's stores in the country this year, the U.S. will be the first breakthrough in 1000, now has more than 860 stores, while the United States this year will be set up in Chengdu China to 20 new stores, more than 50 stores in the province.
"This year, the country western U.S. to the first store opened in Chengdu," Yesterday afternoon, Chengdu, China General Manager Lee Hom said the United States, get the money, we shop in Chengdu will speed up the pace, and to consider in the city center Gold Port Purchase of property, to do for ourselves, "Landlord", set up an area of 10,000 square meters of the store, try this shop an annual sales of more than 350 million yuan to build a truly western region, "the first shop." At present, Chengdu States United States States United States comprehensive index has leapt to the first group.
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