In the evening, it announced that it would acquire the 100% equity interest of Guangzhou Yuexiu Financial Holding Group Co., Ltd. (Yuexiu golden control) held by Guangzhou Yuexiu Business Group Co., Ltd. through the way of buying shares by raising funds through non-public offering shares.

After the completion of the paction, Guangzhou friendship will be pformed into a large domestic A share listing platform which operates mainly in finance and department stores.

According to the announcement, Guangzhou friendship stock will resume trading today, and the market is expected to see a surge in the stock market.

10 billion acquisition of Yuexiu gold control 100% stake

Guangzhou friendship yesterday announced that the subscription target of the non-public offering is Guangzhou SASAC and 6 other municipal strategic investors. The total share of non-public offering is 1 billion 60 million shares. The subscription price is 9.4 yuan / share on the 20 trading days before the Guangzhou friendship suspension, and the total amount of raised funds is not more than 10 billion yuan.

Among them, 8 billion 830 million yuan for the acquisition of Yuexiu gold control 100% stake.

On the basis of September 30, 2014, the owner's equity of Yuexiu's gold control company is 6 billion 880 million yuan, and the increment value is 28.33%. The remaining 1 billion 200 million yuan will be used to increase capital for Yuexiu capital control and support the development of core businesses such as securities and leasing.

The Guangzhou SASAC, the controlling shareholder of Guangzhou friendship, will participate in the subscription of the non-public offering. The subscription amount is 5 billion 500 million yuan, and the proportion of equity held by Guangzhou friendship from 51.89% to 54.22% is still the controlling shareholder of the listed company.

Therefore, the actual controller of Guangzhou friendship before and after this paction has not changed, and does not belong to the backdoor listing.

The paction needs to be approved by the shareholders' meeting of the listed company and the China Securities Regulatory Commission before it can be formally implemented.

Guangzhou friendship, the Yuexiu gold control company originally proposed to purchase, was originally a centralized shareholding and control platform for the domestic financial industry of Yuexiu group. Since its establishment in early 2012, after several years of rapid development, it now has 5 subordinate enterprises, including Guangzhou securities, Yuexiu leasing, Yuexiu industrial fund, Guangzhou guarantee and Yuexiu small loan, etc. its business outlets are distributed in 20 provinces and more than 30 cities nationwide, and have certain advantages in comprehensive operation, internal and external linkage and market mechanism.

Development pattern.

Data show that as of September 30, 2014, the total assets of Yuexiu gold control company were 43 billion yuan, and the operating income and net profit in 1-9 months were 1 billion 690 million yuan and 580 million yuan respectively.

The analysis shows that if the paction can be successfully implemented, the strategic significance is very significant.

Speaking of the reform of state owned assets in Guangzhou, not only has it taken an important step in promoting the new round of state owned enterprise reform with capital market, but also realized the historic breakthrough of the state-owned financial industry in China's capital market, which is conducive to Yuexiu's capital control to make full use of the capital market, rapidly expand its capital strength, and strive to become a large financial holding group with the comprehensive strength ranking the forefront of the industry, making greater contributions to the construction of Guangzhou's regional financial center.

For Guangzhou friendship, the success will shift from traditional department stores to financial and department stores.

According to the analysis, the bright prospects for development of the financial industry and the future earnings expectations of Yuexiu's gold control are conducive to the strong and stable development of Guangzhou friendship. Its department store business can also make full use of the complementary and synergistic effects of trade and Finance with the help of Yuexiu's financial resources to promote pformation and upgrading.

The continuous improvement of the return level of Guangzhou friendship shareholders enables small and medium investors to share the future growth of listed companies and achieve a good return on investment.

After the completion of this paction, Guangzhou friendship became investment holding group.

As a wholly owned subsidiary of Guangzhou friendship, Yuexiu Jin Kong keeps its existing business and organizational structure unchanged. The business assets of Guangzhou friendship department store are packaged into a department store subsidiary, and the Guangzhou friendship company is retained to maintain the stability of its original business team.

It is said that in the future, Guangzhou friendship will give full play to the role of the capital market, and strive to become a large listed enterprise group with financial and department stores as its double main business and has certain market influence.

Among them, the financial business will create a financial holding group with "securities, leasing as the core, guarantee, small loan and production and investment". The department store business will actively explore business model innovation, and strive to pform into a new high-end department store brand with characteristics and competitiveness.

Guangzhou friendship has been suspended since September 1, 2014 and will resume trading in December 9, 2014.

Some market participants said that due to the recent surge in the stock market of brokerage firms, as well as the case of Anxin securities backdoor spinning investment, after the latter announcement, the company even pulled fifteen trading restrictions.

Therefore, market participants expect that there will be at least ten trading restrictions in Guangzhou friendship.