Friends of a holding 400 million acquisition of Changsha Zhongshan Group

25th, Hunan Changsha Commercial state-owned Assets Management Co., Ltd., Hunan Friendship Apollo Holdings Co., Ltd., Changsha Zhongshan Group signed the merger agreement, the friend-Arab holdings to 400.3667 million Yuan successfully acquired Zhongshan Group 80% Stake, thus wholly owned Changsha Zhongshan Group. Friend-Arab shares (002277) Chairman Hu Zijing said at the signing of the scene, the friend-Albania successfully acquired Zhongshan Group, will be as soon as possible to inject this part of the assets into the shares of listed companies.　　After the completion of the injection, the listed companies are expected to increase their own commercial properties through the transformation of 100,000 square meters. According to the introduction, Changsha Zhongshan Group originated in the 30 's Changsha Zhongshan Road department store and Zhongshan Commercial building, at that time, Zhongshan Road department store high 8 floors, 16 columns stand in front of the former, is a symbol of Changsha commercial culture, but also Changsha a "Chinese old" state-owned commercial enterprises. However, due to operating problems, Zhongshan Group to 2000 operation can not be maintained, wages can not be paid, on-job workers and 退养 workers face unemployment and stop wages, and due to non-payment of social insurance, retirees are also facing the cessation of retirement pay, stop reimbursement of medical expenses. In order to maintain social stability, the company has contributed to the problems of Bank reconciliation, debt settlement and employee placement in Zhongshan Group, and entrusted management to its implementation.　　Up to the acquisition, Zhongshan Group total assets of 512.2073 million yuan, net assets of 190.1972 million yuan, scheduled staff of 1166 people, retirees 751 people.　　Hu Zijing, who is also a friend and friend of the chairman of the company, said that the merger of Zhongshan Group will be governed by the rules according to the procedures, in the merger and development, properly placed workers and retirees, production in an orderly manner to ensure a smooth transition. Hu Zijing Chairman said that in order to avoid future competition, the major shareholders will be completed in the acquisition, as soon as possible to start to inject this part of the assets into the shares of listed companies.　　The prerequisite is to do a good job of debt stripping, non-operator adjustment and the disposal of invalid assets, and evaluate them. According to another introduction, after the merger, friend-Arab holdings in the second half of this year to start the Zhongshan commercial building (now for the Spring department store Changsha) to expand the project, the Zhongshan building for reasonable development, the proposed investment of 600 million yuan, lasted 2 years, the construction of new spring department stores. New Spring department store will be set office, shopping malls, car parks in one of the modern integrated service-type building.　　New Spring department store after the renovation, the operating area will be increased from more than 10,000 square meters to nearly 50,000 square meters, the total number of brands from the past 300 to increase to more than 700, more than 1000 jobs, to solve social employment problems; The company currently holds 14310.4 shares of the shares of friends of the listed companies, accounting for 40.98% of the total shares of listed companies.