Core Viewpoint - Central Plaza is acquiring a 20% stake in Anhui Zhongshang for 25 million yuan, significantly lower than the 60 million yuan investment made by the previous owner in 2018, reflecting a decline in the value of the investment due to poor performance of the convenience store chain [1][4]. Group 1: Acquisition Details - The acquisition will be paid in 39 installments, enhancing Central Plaza's financial performance and capital structure, and increasing its ownership in Anhui Zhongshang to 64% [2][3]. - The stake was originally acquired by Innovation Workshop in 2018 for 60 million yuan, which resulted in Central Plaza's ownership dropping from 55% to 44% [4][5]. Group 2: Financial Performance - Anhui Zhongshang has been experiencing continuous losses, with a net profit of -165.9 million yuan in the first half of 2024, and a declining number of stores from 240 in 2022 to 222 in 2024 [6][7]. - The company's revenue for 2024 is projected at approximately 2.74 billion yuan, with a net profit of -21.50 million yuan [7]. Group 3: Strategic Intent - Central Plaza aims to strengthen its control over Anhui Zhongshang and enhance its convenience store business, with plans to integrate the entire supply chain from production to sales [8].
2500万元!中央商场拟“回收”安徽中商股权