[Abstract] Gome acquisition of the parent company to achieve the overall listing of unlisted assets, and the first to be completed in 2015 October.

 

the morning of July 27th, the "First Financial Daily" reporter from GOME morning (micro-blog) conference, Gome (00493.HK) acquisition of the parent company to achieve the overall listing of unlisted assets, and the first to be completed in 2015 October. Once completed, the controlling shareholder of its major shareholder Wong Kwong Yu Gome will increase to 50.52%.

Gome listed companies will affect the annual income of hundreds of billions of

July 26th, Gome announced, intends to acquire the controlling shareholder of a wholly owned subsidiary of Ewell Development Co. Ltd. (hereinafter referred to as Target Corp) all equity issuance, is the controlling shareholder of the listed retail network and supply chain assets of listed companies into, transaction total price of HK $11 billion 268 million.

Target Corp’s retail network is rich in assets, stores mainly cover two or three cities. From the July 26th announcement, Target Corp’s revenue in 2014 was 20 billion 990 million yuan, net profit of $280 million.

Gome chief financial official Wei said, Gome announced the 2015 semi annual report in August 24th; the transaction behavior is to stop the Target Corp financial data in June 30, 2015, the completion of the audit around mid September, in October 15th before the transaction issued by the shareholder letters and held independent shareholders’ meeting, and obtain approval in the independent shareholders’ meeting. In other words, the United States as a whole will be listed as early as October, the completion of the first in 2015.

one or two months ago, Gome acquisition of large and medium appliances, in fact, the United States as a prelude to the overall market. In fact, Gome as early as 2007 has access to the management of large and medium electrical stores, and through the collection of management fees, but also access to the net profit of large and medium appliances. Acquisition of large and medium appliances, in fact, Gome is the first to get the ownership of large and medium electrical appliances, and then publish the announcement of the acquisition of Target Corp, will eventually achieve the overall listing of the United states.

Deputy Secretary General of

China home appliances business association president Wu Xianjian is expected to inject unlisted more than and 500 stores, the number of stores, Gome will be increased to 1714. Judging from the current data, if not the private part of revenue in the first half of 2015, Gome’s revenue will exceed 80 billion yuan; if included in the non listed part of revenue in the first half of 2015, Gome’s revenue is expected to exceed 100 billion yuan. China’s household electrical appliance industry will increase the annual revenue of over one billion listed companies.

Huang’s family has strengthened Gome Holdings

July 26th announcement revealed that the majority shareholder Wong Kwong Yu and its concerted action is currently holding 32.43% stake in gome. Once the transaction is completed, the United States listed part of the assets into the listed company.

Wong Kwong Yu is expected to regain control of Gome or the United States will be listed as a whole