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: 2007-12-16 09:08

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.

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)



Related Stories  
怀安县| 潜山县| 蕉岭县| 雷州市| 乳山市| 右玉县| 岳普湖县| 沙湾县| 合江县| 建宁县| 中阳县| 巴青县| 太湖县| 兴海县| 淮滨县| 通州区| 新田县| 肥乡县| 平江县| 军事| 平顶山市| 四子王旗| 织金县| 兰溪市| 彭山县| 营口市| 惠州市| 和政县| 舒城县| 琼海市| 岫岩| 慈溪市| 湖南省| 礼泉县| 新民市| 云梦县| 成都市| 新源县| 廊坊市| 崇明县| 建宁县|