Step by step high mergers and acquisitions Nancheng Department store

Abstract: May 11 evening, step-step High commercial Chain Co., Ltd. (002251. SZ) (hereinafter referred to as a step high) issued a notice that the company will acquire Guangxi Nancheng Department Store Co., Ltd. (hereinafter called Nancheng Department Store) 100% shares. At the same time, step by step high announcement will set up payment company May 11 night, step by step High commercial Chain Co., Ltd. (002251. SZ) (hereinafter referred to as "Step High") issued a notice that the company will acquire Guangxi Nancheng Department Store Co., Ltd. (hereinafter referred to as "Nancheng Department store") 100% shares. At the same time, the announcement will be set up to pay the company, this action may be for the rumored company will enter the internet finance to prepare.

The company announced that it would open a duplicate today.

In recent years, the largest mergers and acquisitions in the domestic industry

According to Step-by-step disclosure of related programs, step by step high will be issued in the way of shares, wholly-owned subsidiary Xiangtan Step by step high to pay cash to the South Nancheng department store shareholders Zhong Yongli, Wu Lijun, Zhong Yongta, Nanhai growth, Jinshan and the company buy 100% of their holdings in Nancheng. Among them, step by step high in the distribution of shares, the purchase of Zhong Yongli, Wu Lijun, Zhong Yongta, the South China Sea growth, Jinshan and the company held the target of 73.66%, 9.75%, 2.44%, 2.32%, 4.88% and 1.95% of the shares (total accounting for the company 95% of the shares) Xiangtan Step by step high to pay cash to purchase the South China Sea growth holding 5% shares of Nancheng department store.

with December 31, 2013 as the base date, the total assets of Nancheng department stores are estimated at 1.6053 billion yuan. May 4, 2014, Nancheng department stores to implement the 2013 profit distribution, a total of 29.52 million yuan dividends distributed cash dividend. After deducting the above profit allocation amount, the transaction price of this transaction is estimated to be 1,575,780,000 yuan.

from the price of the transaction, the step by step high acquisition Nancheng department stores, for the recent years, the largest retail industry mergers and acquisitions reorganization case.

data show that the 6 shareholders of Nancheng department stores, the majority shareholder of the holding stock, Chairman Zhong Yongli and Zhong Yongta as brothers relations, Wu Lijun and Jinshan's actual control person, legal representative Wu Dehuai for the sibling relationship, Zhong Yongli, Zhong Yongta and Wu Lijun, Wu Dehuai for cousin relations. The Zhong Yongli family account holds 85.85% per cent of Nancheng department stores. With the estimated transaction amount of 1,575,780,000, the Zhong Yongli family sits on the fortune of 1.3528 billion, and thus become the second largest shareholder.

After the transaction is reached, the step-by-step high total equity will reach 704.1968 million shares, step by step high group holding ratio of 39.06%, is still a step-by-step controlling shareholder, the actual controller is still the King fill.

Set up a payment company to pave the way for internet finance

on the same day, step by step High also disclosed a set up payment companyThe message. The

Bulletin shows that the company intends to invest 100 million yuan in its own capital, set up a wholly owned subsidiary "Step by step high payment technology Limited liability Company" (hereinafter referred to as "step by step High payment"), business scope is to be currency exchange, Internet payment, mobile phone payment, bank card receipts, Prepaid card Issue and acceptance (only online real name payment account recharge).

Combined with previous market information, as well as the exchange of the first financial daily reporter and the chairman Wang, the establishment of a step-by-step payment, or with the company is planning the Internet financial business.

Previously, Wang has already disclosed that step by step Gao is actively applying for Internet banking licences.