Liu Cong, 190 Million, "Sell" Its Unprofitable Companies

< p > yesterday, the "a href=" http://sjfzxm.com/news/index_cj.as "Zhong Bai group" /a "provisional shareholders' meeting passed two bills, which is also the first gun launched by the new chairman Liu Cong after taking office.

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< p > 190 million yuan to "sell" its unprofitable company and apply for registration of ultra short term financing certificate of up to 1 billion yuan.

Yesterday, the interim shareholder meeting of China 100 group passed two bills, which is the first shot of Liu Cong, the new chairman, after he took office.

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< p > according to the motion passed by the shareholders' meeting yesterday, the Chongqing 100 warehousing supermarket limited, a holding subsidiary of China 100 group, will pfer the 100% equity interest and 32 million 802 thousand and 200 yuan claims of Wuhan Zhong Bai commercial network development limited company to Hubei Weizhi Real Estate Development Co., Ltd.

The total value of the pfer is 190 million yuan, and the profit from the pfer of shares in Chongqing is 107 million yuan.

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Less than P, more than 4 years ago, the main business of China 100 business outlets was commercial network development, real estate development and so on.

In 2010, the company planned to invest in the construction of commercial shopping center in Jiangxia Fang Fang Hongqi village, but the operation of the company also pause for a long time due to the demolition of the project site.

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Yang Xiaohong, the director of the P group, said that the market environment has changed greatly. It is not suitable for the project to be pushed forward again. "Sell" commercial network companies will help the group to peel off the idle assets and concentrate resources to speed up the development of the main industry.

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< p > > a href= "http://sjfzxm.com/news/index_h.asp" > fact < /a >, among the three listed enterprises of Wu Shang Lian, the development of "hundred group" supermarket is the most powerful, and the supermarket format is also the main business in the long run.

After Liu Cong took office, he decided to give up the Jiangxia department store project and draw speculation. Whether this indicates that the Baihui will shrink the department store format, mainly focus on supermarket expansion, try to weaken the homogenization competition between brothers and companies? < /p >

Liu Cong did not respond positively to this speculation yesterday. He said he was familiar with the company's situation recently, and the future development of P will advance in accordance with the established guidelines, plans and objectives of the board at the beginning of the year.

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< p > reporters through the Zhong Bai Group annual report < < a href= > http://sjfzxm.com//business/ > > < /a >, this year the company has added 100 outlets, including 10 new storage stores, 85 convenience supermarkets and 5 hundred electrical appliance stores.

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