Suning to spend 322 million to market the sale of Chongqing


Will spend 322 million to buy part of the carnival building floor

In order to reduce the risk of capital brought about by the lease, Suning Appliance (SZ002024) will spend more than 300,000,000 yuan Chongqing Carnival to buy the building in order to advance the strategic flagship store. Yesterday, the headquarters of Suning Appliance contact reporters that the company currently is working with the carnival owner of the building Chongqing Financial Street home on the implementation of property rights issues. Once the project is implemented, the Suning Appliance in Chongqing will reach annual sales of 360,000,000 yuan (including tax), market share will be the first to occupy the west.

It is understood that, according to the Chongqing Financial Street and reached home, "Carnival building housing the purchase agreement," Suning Appliance will spend 322 million purchase is located in Jiangbei district of Carnival 1-7 storey buildings with a total construction area of 26,580 square meters. Prior to this, Suning Appliance has been leasing the building Carnival layer 1-3 for chain stores to open.

Bo Yang, deputy general manager of Suning Appliance, said Su Ning in the future will continue to be part of the country's major cities in the core business district, the choice of market capacity, the commercial flow of high-impact areas, through acquisition, such as self-expanding network of home appliances chain, to enhance the market Share. And that the transaction does not involve the transfer of shares of listed companies.

The industry estimated that Suning Appliance This payback period of 9 years.

(Reporter Xu)
2008-01-09