国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

Gome finances acquisition of rival Dazhong

(Agencies)
Updated: 2007-12-18 09:20

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, according to sources yesterday.

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)



开平市| 集贤县| 涞源县| 南和县| 彭阳县| 腾冲县| 孝感市| 凌源市| 水富县| 安陆市| 满洲里市| 宝鸡市| 天峨县| 句容市| 酒泉市| 杨浦区| 富源县| 沙河市| 屯昌县| 临城县| 垦利县| 仁怀市| 故城县| 新郑市| 贵南县| 海安县| 万盛区| 伽师县| 逊克县| 资兴市| 江达县| 霍州市| 宿松县| 宝鸡市| 彭水| 湖州市| 双牌县| 砚山县| 大名县| 涟水县| 温州市|