Beijing Xidan Friendship Group Suspension And Reorganization

In August 5th, Xidan shopping malls for a week after the suspension had not resumed, and a notice was announced that Beijing Xidan friendship group was planning to restructure assets related to Xidan shopping malls.

Beijing business people familiar with the matter revealed that the restructuring of Xidan and the first brigade group, which was widely spread, entered the substantive stage under the impetus of the SASAC. The continued suspension of Xidan shopping malls indicates that the two sides have basically reached a consensus and are discussing the specific merger plan.

Beijing Xidan friendship group owns Xidan old brand Xidan shopping mall Limited by Share Ltd, Beijing Beijing Friendships Building, Beijing friendship packing pportation company and so on.

10 years ago, the company came out and reorganized. It merged with several other famous brands in Beijing, such as Wangfujing and urban and rural trade.

The Xidan friendship and the restructuring of the first brigade group are mainly concentrated on commercial assets. The first brigade group currently owns many shopping malls and shopping centers, such as Yansha friendship mall, Guizhou friendship building, Jin Yuan new Yansha MALL and so on, with a total scale of ten billion yuan.

If the first brigade group injected the new Lufthansa group into the Xidan shopping center, the Xidan market with only more than 1 billion 800 million of the asset size now surged by more than 5 times, exceeding the total about 7000000000 assets of Wangfujing and becoming a new commercial carrier in the Beijing market.

Since 2006, Xidan shopping malls have begun to expand to the west, while the department stores in the market are still in the market incubation period. In 2008, the loss of the company's performance led to a loss of about 30 million 550 thousand yuan. Until last year, the three stores in Xinjiang, Chengdu and Lanzhou began to turn losses into profits.

Unlike Xidan shopping malls, the new Yansha group is located at the Fangzhuang store and Tongzhou store, and the Yansha friendship mall and Yansha outlets are all high-end shopping malls. Jin Yuan's new Yansha MALL is also a high-end and comprehensive shopping center based on Yansha friendship mall and Keyou building.

The merger of Xidan shopping malls and new Yansha group can complement each other in business form and enhance the scale effect of community shopping centers.

Wang Chengrong, vice president of Beijing Institute of Finance and trade, thinks that due to the positioning difference of the shopping malls in Xidan shopping malls and new Yansha group, it is possible to add uncertainty to the integration prospect.