Guangzhou Friendship Suspension Caused N Speculation Of Mergers And Acquisitions

In July 25, 2011, friendship also applied for suspension due to "the company is discussing major issues" at a time when the stock price was 23.67 yuan.

What is the reason behind the suspension of the friendship? What major matters are the SASAC planning? Friendship has not made public announcements on these questions, and yesterday aroused many speculation in the industry.

Market investors and industry view that the suspension of Guangzhou friendship may be mainly related to the reform of state-owned assets.

Guangzhou SASAC holds 51.89% stake in Guangzhou friendship, after which analysts have pointed out that Guangzhou friendship is the direct target of Guangdong's SOE reform, and there is expected asset consolidation in the future.

The reform of state-owned enterprises in Guangzhou will adjust the municipal enterprises from the current more than 130 to about 40, and the Guangdong provincial government adviser Chen Hung Yu has predicted that

It is possible to integrate by industry, which means "merging similar items" and large groups merging small businesses.

Yesterday, a reporter familiar with Guangzhou's business told reporters that the industry had long been friends and the two big tycoons merged.

"Two department stores compete with each other and divide the market resources". Last year, the sales volume was 7 billion 700 million yuan and friendship was 4 billion yuan. "The annual turnover is only billions of dollars. So far, no one in Guangzhou has been able to compete with Wangfujing and Yintai.

A business enterprise that is contended with each other.

However, even if the two merged, the scale of business is only about 10000000000 yuan, but it is better than not merging well.

There is another saying that Guang Bai shares have not been suspended, not necessarily two mergers. It may be friendship and merger with other enterprises in the same industry.

A senior businessman in Guangzhou also broke the news that Wanda might take the opportunity to enter the friendship. It is said that the news has been circulating in the circle for a month. "Recently, Wanda Department Stores dug in Guangzhou business circle."

But the news was not confirmed.

2 SASAC allows capital restructuring?

The state-owned enterprise reform program also includes the introduction of private capital and personal capital by state-owned enterprises. If it is not simply an enterprise merger, it may involve capital reorganization. The SASAC holding 51.89% stake will not take part of the shares out of the market paction.

3 involves the change of middle level cadres?

In response to investor questions yesterday afternoon, Guangzhou friendship said that the company is currently changing its middle level cadres.

Some investors pointed out that the Guangzhou friendship management view is getting old. The company responded that many of the investors' suggestions are good, but they all need time to do serious research, including the implementation of organizational strength, so it is unlikely that there will be instant results.

It is reported that the middle level cadres of friendship will be elected once again in three years.

However, insiders pointed out that the general election of middle-level cadres generally has little effect on stock prices, and does not require suspension.

In terms of top management, Wang Yinxi, vice chairman and general manager, is 58 and 59 years old, and is not far from retirement.

In this regard, only reply is given to friendship, and personnel changes related to the board of directors will be announced.

4 Foshan stores failed?

"The Foshan store of friendship is not doing as well as possible. Recently, it is talking with the owner about the withdrawal." recently, a Guangzhou shopping center revealed.

However, according to past experience, shops will not stop trading normally.

On the other hand, even if the stores adjust their suspension, the SASAC will not "plan major issues".