The company announced the opening of a duplicate card today

The largest mergers and acquisitions of domestic industry in recent years

According to the related program of Step high disclosure, step by step high will be in the way of issuing shares, the wholly-owned subsidiary 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.

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.

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 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.

Setting up payment company paving Internet finance

On the same day, backgammon also disclosed a set of payment companies.

The announcement shows 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"), the scope of business is to be currency exchange, Internet payment, mobile phone payment, bank card receipt, prepaid card issue and accept (only online real-name payment account recharge).

In combination with previous market information, as well as the "First financial daily" reporter and Backgammon chairman Wang filled 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.