Southwest: Chengshang Group 2 Billion 400 Million, Renhe Spring Department Store.

The reporter announced from the announcement of the chengshang group that night that the group will purchase Renhe Spring Department store east store and Guanghua store.

The paction price of this trader's East department store was initially determined to be 742 million 325 thousand and 600 yuan, and the paction price of Guanghua Department store was initially determined to be 1 billion 732 million 93 thousand yuan, totaling 2 billion 474 million 418 thousand and 600 yuan.

This evening, the reporter interviewed Gao Hongbiao, chairman of the business group, for the first time. He said that the acquisition meant a strong combination of Chengdu's retail industry and complementary advantages in its business format.

It is understood that the acquisition is by far the largest acquisition of the retail industry in Southwest China.

According to the relevant industry sources, Renhe Spring has had close contacts with many listed strength groups, and has discussed the cooperation matters.

It is reported that Chenggong group's announcement said that Limited by Share Ltd Group intends to pass.

Chengshang Group Holdings Limited acquired 100% of the shares of Chengdu Renhe Spring Department Store Limited ("people east department store") in cash, and the Renhe company of Chengdu Qingyang District, Chengdu Holding Co., Ltd.

Limited liability company (Guanghua Department Store) has a 100% stake in the company, and the company provides joint and several liability guarantee for all the paction prices.

After the completion of the paction, the company will pass the 100% stake in the East department store and the Guanghua Department Store 100% through the indirect holding company.

The announcement shows that the benchmark date for the paction is June 30, 2015.

As of June 30, 2015, the estimated value of people's department store was 828 million 932 thousand yuan.

The estimated value is 1 billion 806 million 149 thousand and 400 yuan, which amounts to 2 billion 635 million 81 thousand and 400 yuan.

The paction price is set to deduct the amount of the dividend from the pition period on the basis of the estimated value.

East department stores and Guanghua Department store are expected to be 86 million 606 thousand and 400 yuan and 74 million 56 thousand and 400 yuan respectively in the pition period. Therefore, the paction price of East department store is tentatively fixed by 742 million 325 thousand and 600 yuan, and the paction price of Guanghua Department Store is tentatively set at 1 billion 732 million 93 thousand yuan, with a total of 2 billion 474 million 418 thousand and 600 yuan.

Gao Hongbiao said that between the current retail entity shop downturn trend, this acquisition is also a retail industry to form a joint effort, strong combination of a very good choice.

He said that the whole acquisition took place at a normal stage. Next, there will be a smooth pition period in the short term. The two sides are different in their business formats and shopping malls. As for the next step, they will have plans and plans for the business group, and will also work together with Renhe spring.