Chapter 169 Suspension of trading
After a pause, Wu Guohong looked at everyone and continued.
"However, since the second half of last year, the original sales growth has stalled, and some stores have even experienced a decline in sales. It's not just a problem for our company, it's the same for other brands. ”
Ma Kaixuan continued: "That's true, and the market over there is the same. I investigated the reasons and found that the brand competition is too fierce now, and everyone's life is not easy. In order to increase sales, many brands can only discount promotions and do activities every day. Although this has increased sales, the brand image has been greatly damaged, and the gains outweigh the losses in the long run. ”
As he spoke, he turned his head to look at Wang Ye and said with a smile: "Last month, I heard that Wang Dong had set up a designer brand collection store, which became an instant hit in Xiangjiang, and I also went to observe and learn about it. I have to say, it's just a word!"
Wu Guohong also hurriedly interjected and said: "Speaking of the top shop, I also went to Xiangjiang to see it." I really don't know how Wang Dong came up with it, this model is too novel, there are too many styles in the store, and the sales are so hot! ”
The two of them sang and praised in harmony, and Wang Ye could only explain: "That model is not my first creation, there are similar stores in Europe and the United States, I just borrowed it." In addition, the positioning of THE TOP SHOP is completely different from Huashang, and it is impossible to open too many stores at that price. Therefore, it has no competition with Huashang at all. ”
As the major shareholder and chairman of Huashang International, he left the company alone, but went to a clothing company, and Wang Ye had to explain it clearly, so as not to be dissatisfied.
"It's strange, it seems that after THE TOP SHOP BECAME POPULAR, MANY BIG DOMESTIC BRAND MANUFACTURERS HAVE NOT MOVED, DOESN'T ANYONE WANT TO IMITATE THE MODEL OF THE TOP SHOP AND MAKE A BRAND?" Wu Guohong said meaningfully.
Wang Ye smiled and said nothing, Cai Ziang next to him spoke, in fact, he also considered the model of THE TOP SHOP, BUT IN THE END HE GAVE UP.
"Mr. Wu, maybe you have been a distributor and don't know much about the model of the upstream clothing industry chain. This model of THE TOP SHOP LOOKS SIMPLE, AS LONG AS THERE ARE ENOUGH DESIGNERS.
But only real connoisseurs can understand, this model is the most difficult to imitate, not to mention anything else, just the TOP SHOP that only takes three weeks, you can design a batch of styles and put them on the shelves, no company in China can do it! To be honest, I have always wanted to ask Wang Dong about this problem. ”
"Haha, let's not talk about these details, let's get back to the topic, let me talk about our Huashang International. ”
Everyone's attention is focused on THE TOP SHOP, WANG YE CAN ONLY BRING THE TOPIC BACK TO THE TOPIC, TODAY IS THE BOARD OF DIRECTORS OF HUASHANG INTERNATIONAL.
As the chairman of the board, Wang Ye's speech is naturally the top priority, and only he has the greatest right to speak and make decisions for the future development of the company.
Hearing that Wang Ye was going to say the key point, everyone quieted down and looked at Wang Ye.
"To be honest, I'm not satisfied with Huashang's development last year!" Wang Ye said with a somewhat serious face.
Cai Ziang was "groaning" in his heart, the chairman is not satisfied with the company's development, so he, the general manager, has a great responsibility.
"Of course, Mr. Cai's performance is still good, and in the case of such fierce domestic competition, his performance can still rise steadily.
However, we should not only compare with these domestic counterparts. You know, from the day I entered Huashang, our Huashang's eyes are no longer only looking at these domestic competitors, our goal should be higher and farther!"
Hearing Wang Ye say that his performance was not bad, Cai Ziang was a little relieved, for Wang Ye's later words, he could only secretly complain in his heart, when Wang Ye led Huashang International, the company's performance was indeed amazing.
Since Wang Ye went to work on other things last year, the company's development has indeed slowed down, but can he Cai Ziang compare with Wang Ye? If he had Wang Ye's ability, he would not be the general manager, wouldn't it be good to start a company by himself?
Wang Ye didn't know that Cai Ziang was complaining about himself in his heart, he continued to take care of himself: "So, in 2012, Huashang International can not continue to be silent! The more fierce the market competition, the more the market is still growing, I think this is not a bad thing, but our opportunity is coming!"
Hearing Wang Ye's bold words, everyone was in high spirits and looked at him with anticipation, wondering what big move Wang Ye was going to make.
"In order for Huashang International to grow rapidly, I have two proposals. First, the company's capital increase, I have contacted the funds, and it is expected to issue additional shares worth 5 billion yuan. The second is the merger and acquisition of THE TOP SHOP!"
Everyone was in an uproar, and Wang Ye's two proposals were more shocking than the other.
Based on the current stock price, Huashang International has a market value of about 20 billion, and Wang Ye will increase its capital by 5 billion at once, which is not a big move.
And the second proposal is even more surprising to everyone, that is the TOP SHOP, the hottest clothing brand in China at present, if Wang Ye goes out and says that he wants to sell this company, it is estimated that the company that rushes to buy it can squeeze his head.
The two proposals were linked, and everyone suddenly realized that the original capital increase of 5 billion was for the merger and acquisition of THE TOP SHOP, which is no wonder. If you really want to buy this company, it will definitely not be cheap.
"Qinghuan, let's introduce the situation of THE TOP SHOP. Wang Yechong, who was sitting on the side, Li Qinghuan said.
Li Qinghuan has not said anything since she entered the meeting, because she had no right to speak when discussing the affairs of Huashang International before, and she was waiting for this moment.
So, I immediately opened the information at hand and reported the operation of THE TOP SHOP in detail, and finally, when it came to the company's valuation, the figure of 10 billion obviously scared everyone.
"It's so high?!impossible, THE TOP SHOP IS ONLY TWO STORES!" WU GUOHONG SAID WITH A LOOK OF DISBELIEF.
"Soon, 38 stores in the mainland will open, and if after a while, when these stores are officially opened, the valuation may have to be raised. Li Qinghuan said lightly.
"10 billion! Isn't this as good as half of Huashang International, you must know that Huashang International has 8,000 stores. Even Cai Ziang couldn't believe it.
"This is the value of the new model and the high-end brand, the traditional brand model wins by quantity and proves to be outdated, no matter how many there are, it can't create benefits, what's the use. Li Qinghuan's words directly made Cai Ziang speechless.
"Okay, don't fight over this issue. As the chairman of these two companies, I would like to express my attitude. The merger of THE TOP SHOP IS TO ALLOW THE TWO COMPANIES TO DEVELOP BETTER, SO I WILL MAKE SOME CONCESSIONS IN THE VALUATION OF THE COMPANY, WHICH WILL DEFINITELY NOT HARM THE INTERESTS OF HUASHANG'S SHAREHOLDERS. ”
Wang Ye said this statement, what else do you have to say, with his current net worth and status, he naturally will not lie and deceive everyone, because there is no need.
HE IS THE MAJOR SHAREHOLDER OF HUASHANG INTERNATIONAL, AND IF HE REALLY WANTS TO ACQUIRE THE TOP SHOP AT A VALUATION OF 10 BILLION, IT IS USELESS FOR OTHERS TO OPPOSE IT. As long as this valuation is recognized by the majority of shareholders and approved by the regulators, it is fine.
Wang Ye's two proposals were unanimously approved, and of course, the specific details are not something that can be discussed clearly at today's meeting.
"Mr. Wang, apply to the Pengcheng Exchange for suspension, we may have to be busy with private placement and mergers and acquisitions for a period of time. ”
At present, the secretary of the board of directors of Huashang International is concurrently served by Wang Jingcong, vice president of finance. This time, the board of directors made such two big decisions, of course, it had to apply for a stock suspension, and only resumed trading after these two resolutions were implemented.
The stock exchange suspends its trading on the stock market if the stock price rises or falls continuously due to certain news or activities. After the situation is clarified or the enterprise returns to normal, it will resume trading on the exchange.
The suspension of trading in the shares of listed companies is a necessary measure taken by the stock exchange in order to safeguard the interests of the majority of investors and the fairness and impartiality of market information disclosure, as well as to supervise and restrain the behavior of listed companies.
For example, Huashang International's private placement and mergers and acquisitions obviously belong to the category that needs to be suspended, so it is necessary to immediately explain to the stock exchange and apply for stock suspension.
Wang Jingcong received the order and immediately left the conference room to draw up the official letter.
……
It was almost twelve o'clock at noon by this time, and the stock market had entered the closing time.
Lao Huang had an impulse in the morning and bought 900,000 Huashang International stocks, and now he looks at the 300 stocks on the account, and he is uneasy.
This is almost all of your own deposits, this bet, what kind of return will it bring to yourself.
Lao Huang refreshed Huashang International's stock bar over and over again, hoping to see the latest news. The board of directors of Huashang International is still going on, and there is no important news coming out so far.
With a sigh, Lao Huang put down his impatience and got up to go to lunch.
When he was about to get back to the office, he was ready to take a look at Huashang International's stock trend in the afternoon.
It's not yet the opening time, Lao Huang involuntarily opened the shares of Huashang International, wanting to see if there is any latest news.
After opening the stock bar, a pinned post appeared in his eyes.
"Explanation on the suspension of Huashang International stocks"
Trading is suspended! What a big deal.
Lao Huang was immediately excited, and hurriedly clicked on this post, and after reading the description, Lao Huang breathed a sigh of relief, now he is down-to-earth!
Set to increase by 5 billion!Acquisition of THE TOP SHOP!
Two major events, it seems that Huashang International has made a lot of moves this year. 5 billion is easy to understand, but what kind of company is this THE TOP SHOP, Lao Huang doesn't know.
He is a big man, and he doesn't know much about clothing brands, so he definitely hasn't cared about this brand that has been very popular recently, and he doesn't know what it represents.