Step by step to enter the Southwest market

Absrtact: But in the next few years, we will not change the construction and brand of Nancheng department store for a while, still will retain its brand, but we will step up the management and technology, etc. into Nancheng department store. Step by step high commercial Chain Co., Ltd. (hereinafter called Step by step,

"But in the next few years we will not change the construction and brand of Nancheng department stores, will still retain their brand, but we will step-by-step management and technology into the Nancheng department stores." ”

Step-Step High commercial Chain Co., Ltd. (hereinafter referred to as "step High", 002251.SZ) announced in the evening of 11th announcement, Step High and its subsidiaries will be issued shares and pay cash to buy Guangxi Nancheng Department Store Co., Ltd. (hereinafter referred to as "Nancheng Department store") 100% shares. The transaction amount is expected to reach 1.57 billion yuan. At the same time, the suspension of more than a month's pace is higher than the opening of the May 12 recovery card.

The founder of Nancheng department store is a senior shareholder of senior stage

Related programs show that the pace will be issued in the way of shares, a wholly-owned subsidiary of Xiangtan Step-by-step high to pay cash to the Nancheng general merchandise shareholders Zhong Yongli, Wu Lijun, Zhong Yongta, South China Sea growth, Jinshan and the company to buy its holdings of the Nancheng Department of 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. In accordance with the relevant provisions, this step-by-step high issuance of shares issued price of 13.98 yuan/share.

Based on December 31, 2013 as the benchmark date, the total assets of Nancheng department stores were 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.

It is worth noting that the data show that the 6 shareholders of Nancheng department stores, the holding of major shareholders, chairman Zhong Yongli and Zhong Yongta as the Brotherhood, Wu Lijun and Jinshan of the actual control, legal representative Wu Dehuai for siblings, Zhong Yongli, Zhong Yongta and Wu Lijun, Wu Dehuai for cousin relations. The Zhong Yongli family actually holds 85.85% shares of Nancheng department stores. By 1,575,780,000 of the estimated transaction amount, the Zhong Yongli will sit on fortune 1.3528 billion after the family deal.

After the deal is reached, the pace of total equity will reach 704.1968 million shares, step by step high group's shareholding ratio is 39.06%, still is the step-by-step high controlling shareholder, its actual control person still is the chairman Wang fills, while the Nancheng department store founder Zhong Yongli will occupy the share about 11%, it will become the step by step high second biggest shareholder.

Grand Southwest Plan

Step by step Gao yesterday also said that the Rio Tinto "Southwest Plan", and the acquisition of Nancheng department store is also to borrow to enter the southwest market a real step.

The 2013 report showed that step-by-step high operating income of 11.388 billion yuan, Wang said, step by step is now in the "new Business Long March", its layout is to implement the "big anti-C-word plan", that is, starting from Hunan, into Jiangxi, the reflexive kill into Guangxi, Guizhou, Chongqing, Sichuan and other markets Create an ambitious "big march" on China's business landscape. Prior to the step-by-step high in Liuzhou marked the "Grand Southwest Plan" officially launched to become the king to fill the "China Wal-Mart" concept of the most crucial step of chess.

Step by step high side revealed that this part of its acquisition of the Guangxi retail market leading Enterprises Nancheng department stores, will add 38 stores and 450,000 square meters of operating area, operating scale significantly expanded, further expansion of assets and personnel, can further improve the operation of the high step in the southwest of the network layout, for the step-by-step high future business development, Business performance promotion lay the foundation. Most importantly, Nancheng department stores in Kunming, Yunnan opened two stores, after the completion of the acquisition, step-by-step to enter Yunnan for the first time, to achieve local regional market expansion.

"But in the next few years we will not change the construction and brand of Nancheng department stores, will still retain their brand, but we will step-by-step management and technology into the Nancheng department stores." "Step by step high insiders revealed.

Industry insiders pointed out that the transaction is the target of merchandise retail business-related quality assets, after the completion of the transaction, the number of shops and operating area will be more substantial increase, the transaction will enhance the pace of profitability and sustainable development capacity. There will be a substantial increase in the scale of the assets.

In addition to the purchase of Nancheng department stores, step by step high will also be more than the electricity quotient, its synchronized disclosure last night, it intends to own funds to invest 100 million yuan, set up a wholly owned subsidiary "Step by step high payment technology limited liability company", in line with the future of electricity, O2O (line online cooperation) of the payment field business.