Step by step high mergers and acquisitions Nancheng department store set up payment company paving Internet finance

Absrtact: May 11 evening, step by 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.





Company announced that the opening of the recovery card today.





the largest mergers and acquisitions in China in recent years





according to Step-by-Step high disclosure of related programs, step by step high will be the way to issue shares, a wholly-owned subsidiary of Xiangtan Step-by-step high to pay cash to the Nancheng department store shareholders Zhong Yongli, Wu Lijun, Zhong Yongta, South China Sea growth, Jinshan and the company to buy its holdings of Nancheng 100% shares. 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.





on December 31, 2013 as the benchmark day, Nancheng department stores total assets of 1.6053 billion yuan estimate. 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 domestic retail industry mergers and acquisitions reorganization case.





data show that, Nancheng Department store 6 shareholders, the majority shareholder, Chairman Zhong Yongli and Zhong Yongta as brothers relationship, Wu Lijun and Jinshan Actual Control person, legal representative Wu Dehuai for sibling relationship, Zhong Yongli, Zhong Yongta and Wu Lijun, Wu Dehuai as cousins. 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 deal is reached, step by step high total equity will reach 704.1968 million shares, step by step high group's shareholding ratio of 39.06%, still a step-by-step high controlling shareholder, its actual control is still the King fill.





set up payment company paving internet finance




On the same day,
also disclosed a message to set up a payment company.





announced that the company intends to invest 100 million yuan in its own funds, 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 "First financial daily" reporter and step by step chairman Wang fill in the exchange, the establishment of a step-by-step payment, or with the company is planning the Internet financial business.





Previously, Wang has been revealed, step by step high is actively applying for Internet banking licences.