综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

   

Gome finances acquisition of rival Dazhong

(Agencies)
Updated: 2007-12-16 09:08

Gome Electrical Appliance Holdings Ltd, China's largest electronics retailer, will finance the 3.6 billion yuan ($488 million) acquisition of Beijing Dazhong Electronics Ltd, with an option to buy the rival later itself.

Beijing Zhan Sheng Investment Co will purchase Dazhong, Gome said in a Hong Kong stock exchange filing Friday. Gome will manage Dazhong, and can buy the Beijing-based electronics retailer later for a minimum of 3.65 billion yuan, it said.

"It's a transition for us to understand Dazhong," Gome Chairman Huang Guangyu said. "We need time to get the regulatory approvals, and there are uncertainties involved, so we adopted this transition."

Gome's delayed purchase of Dazhong comes after Suning Appliance Co, China's second biggest home appliance retailer, scrapped its bid for the Beijing-based retailer on December 13. Gome sold about $811 million of bonds and shares in May to purchase stores and refurbish outlets.

Zhan Sheng's owners Liu Chunlin and Han Yuejun aren't connected to Gome or Dazhong, Huang said. Gome's loan to Zhan Sheng will be secured by Dazhong's shares, according to the statement.

Gome rose 1.7 percent to HK$17.70 in Hong Kong trading Friday, before the statement. The stock has almost tripled this year, compared with the 38 percent increase in the city's benchmark Hang Seng Index.


(For more biz stories, please visit Industry Updates)



Related Stories  
荆州市| 榆社县| 淳化县| 余江县| 鹤峰县| 和静县| 阿尔山市| 万源市| 驻马店市| 那曲县| 尉氏县| 吉木乃县| 阆中市| 郧西县| 宜良县| 大兴区| 井陉县| 北安市| 蕉岭县| 志丹县| 巴楚县| 德阳市| 博白县| 邳州市| 白沙| 肇庆市| 松江区| 宁陕县| 九江县| 达日县| 诸城市| 固原市| 莲花县| 深水埗区| 黄山市| 商南县| 龙口市| 鸡西市| 南涧| 剑阁县| 鞍山市|