Plan to restructure friendship shares of hundred shares are suspended

The actual control person with the Hundred Union group Friendship shares and the hundred shares to suspend business five working days at the same time today.　　Some analysts said that two shares were suspended or to solve the competition problem. The Friendship shares 16th after the substance Control Person Hundred Union Group Limited Company notice, it is planning the major reorganization matters related to the company, in order to avoid to the company stock price to have the important influence, after applying, the company stock suspended from July 19, 2010 to suspend business for 5 working days. The shares of the company said that the real control of the Hundred Group Co., Ltd. is planning a major restructuring related to companies, the relevant parties will be published after the announcement of the relevant departments to conduct policy advice and formulate a plan.　　Because of the uncertainty involved in the reorganization, in order to protect the interests of investors, to avoid a significant impact on the company's share price, upon application, the company's shares since July 19, 2010 suspended 5 working days, and will be announced in 5 working days after the relevant progress.　　Analysts said both were suspended or to address competition. According to information, the group was established on April 24, 2003. Has a super business, General department stores, the means of trade three core business and logistics distribution, commercial real estate, E-commerce three major cultivation business, with hundred shares, Shanghai trade, Lianhua, friendship shares and the first medicine and other 5 listed companies.　　The shares of the Hundred shares and the friendship are mainly retail stores. In 2007, the SFC's next patrol group specifically mentioned that the hundred shares and controlling shareholders of the Hundred-Union Group and its affiliated companies Shanghai Friendship Group Co., Ltd. are engaged in retail business, there is a certain degree of peer competition.　　Hundred Union group at that time proposed that the hundred Shares and Shanghai Friendship subordinate part of the enterprise industry, but because of the different business circle, the company's stable operation and corporate governance at present basically no impact, the company will strengthen communication with the controlling shareholder, so that the independence of the company is not compromised. However, the competition within the group is still criticized by investors. 2008, several of the core retail assets owned by the Friendship shares include the hundred-South Shopping Center (Shanghai), 3 shopping malls and 5 department stores, including the Broadway Shopping Center (Shanghai), which have been incorporated into the company's general merchandise business platform and exercised jurisdiction by the two-level subsidiary.　　But friendship shares still enjoy the benefits of these assets. With the gradual deepening of the corporate restructuring of the Hundred Union Group, the competition in the same industry has been gradually put on the agenda. The related personage thinks, the friendship shares and the hundred shares competition problem solves the difficulty lies in, the friendship shares for a, the B shares listed company, simultaneously also involves the private enterprise Shanghai Fosun, has many policy limits and the technical operation difficulty.