Mao Ye Business This Month Drew Up An Additional Fundraising Fund To Acquire Three Department Stores Assets.

It is reported that the use of capital this year

Actively expanding, following the beginning of the Southern China District

After the injection of retail assets into the listed companies and the holding of the vyorie group in the north, Mao Ye business proposed to raise 2 billion 800 million yuan this month to acquire three department stores in Qinhuangdao, Chongqing and Taizhou.

In fact, the "Mao Industry Department" that started from Shenzhen has gone against the market in the face of more and more serious impact of the Internet on traditional commercial retail formats. It has caught the trend of mergers and acquisitions in retail industry, and arranged the chain of the retail industry chain to integrate its industries.

In April 6th of this year, Mao Ye business announced a restructuring plan to purchase a 70% stake in Inner Mongolia's Victoria Group in cash payment, with a paction price of more than 1 billion 500 million yuan.

Victoria is a commercial retail enterprise in Inner Mongolia. It has 6 department stores, 15 supermarkets and 3 Real Estate Company, covering Hohhot and Baotou, Inner Mongolia.

After the acquisition, the Victoria Group will become a subsidiary of Maopai commercial holdings.

With the downward pressure of economic growth and the diversion of electricity providers, the physical stores have entered a low ebb, and a large number of mergers and acquisitions have emerged in the retail industry.

At present, the department stores in China are taking the road of vertical and horizontal integration. Large department stores take advantage of the acquisition of single department stores with declining performance to further enhance their market competitiveness.

It is understood that Maui business Limited by Share Ltd is a commodity retail companies, the main business is management consulting and marketing planning, to operate Department stores, including computers and software, computer aided equipment, electronic

Communication and switching equipment, communication terminal equipment sales and so on.

Mao industry has been based on Shenzhen, expanding in different places, seeking development space.

After years of rapid development, Maoye already has strong strength. Maoye is leading the commercial fashion trend in Shenzhen's main business district, such as Dongmen, Huaqiang North, Nanshan and other important business circles in Shenzhen.

The development of Maoming industry is not limited to Shenzhen. Today, various projects of Maoming industry are mainly distributed in key cities with high consumption power.

Maui has 2 billion 800 million yuan to acquire three department stores in Qinhuangdao, Chongqing and Taizhou. The department stores of the acquired companies are located in the main business circles of Qinhuangdao, Chongqing and Taizhou, and have strong profitability. This will help Maoming further improve the existing layout of Southwest China, effectively expand the market in North China and East China, and enhance the sustainable profitability and core competitiveness of Mao industry.