Xinjiang Huijia Times Is Ready To Go Public For Five Years.

China Securities Regulatory Commission announced the latest IPO pre disclosure list. Xinjiang Huijia era department store Limited by Share Ltd is going to be listed on the Shanghai Stock Exchange. The issue does not exceed 60 million shares. The total share capital after issuance is not more than 240 million shares, and the sponsor is China Galaxy Securities Limited by Share Ltd.

Xinjiang Huijia Era Stationed in Xinjiang department store in 2000 Retail industry In 2003, it was reorganized to Xinjiang Huijia group. In 2008, Xinjiang Huijia department store Limited by Share Ltd was established. In 2012, the registered capital amounted to 180 million yuan. It was a large-scale joint-stock commercial retail enterprise with a department store and a supermarket in Xinjiang, and its business outlets all over Xinjiang.

In terms of regional selection, the company will take a comprehensive look at the factors of economic growth, market capacity and policy orientation in various regions of Xinjiang. The company will focus on the future development areas as the two or three line cities and regions with greater economic potential and take into account the developed cities such as Urumqi and Korla. In terms of urban choice, the company's main considerations include a series of detailed indicators such as the number and composition of urban population, economic level and growth trend, geographical location, and commercial development level. Based on the above considerations, the company has screened about 8 cities in Xinjiang as the main direction of development.

In the future, the company will make a multi-point layout of the important cities, taking into account the population composition factors such as population size, age level and income level that have entered the urban areas, so as to decide the layout plan of the city and the region.

The company will be in Xinjiang The area continues to invest and operate Department stores and shopping center projects. Based on the current project reserves and investment plans, the next five years' business development plans include: by 2018, including existing stores, the new Korla shopping center project, the Karamay Times Square, the Fukang Times Square, the Yining Times Square, the Changji Times Square project and the Urumqi Zhongshan Road Times Square expansion project, etc., the company's stores expect to reach 24, and the business area will reach about 1 million 260 thousand square meters, achieving 10 billion yuan in sales and 500 million yuan in net profit.

In order to consolidate and enhance the collection capacity and service function of the original stores, the company plans to upgrade and upgrade the existing five home canal store and Urumqi Zhongshan Road store in 2014.