Li ka-shing to suspend selling top industry say 'kill two birds with one stone'

Recently, and yellow conference announced at present not to private transaction way to sell top business, but also strategic assessment to watsons co. , LTD. , all of the retail business, the hope can bring the highest value for the company, and said to meet market may be appropriate for a public offering some or all of their business. Retail experts analyses and yellow of this decision, because the buyer can't meet and yellow expected million to $out prices, and huang decided to suspend the planned sale of the jasmine. The decision and said, and yellow also has the effect of kill two birds with one stone: first, a moratorium on the sale of compiling a muted after li ka-shing, the company operating in the mainland and the development of public opinion resistance; Second, be able to add value to the watsons future listing. After li ka-shing sold parknshop news spread, the industry there is a family heirloom retail giants and private funds will bid, involving the retail trade with China resources, wal-mart and bofeng lotus flower, etc. Australia Woolworths was disclosed to the highest bid $to buy buy jasmine, but its early have to withdraw the decision. Similarly, bofeng lotus, also dismissed after Thailand's richest man and cp group chairman dhanin said foreign takeover plan to jasmine. After talk and yellow for the watsons 'packaged' listed separately. The personage inside course of study thinks, sell best group can make the watsons 'packaged' listed on the market value is reduced greatly. According to the bidding to calculate top hundred million to one hundred million yuan, after successful sale best group, the market value of the watsons would probably be less than one hundred million yuan. But buyers bidding and hard to accept, the buyer and the seller also called buyers lost the bid. Last year, according to data in parknshop best group in Hong Kong, Macao and mainland regions such as southern China's total income of hundred million Hong Kong dollars. According to the size of the market, the price is most buy-out firms % of the turnover of the previous year, usually around %. But the top hundred million to $bidding is an annual turnover of the best group company. Times or so, the price for many sellers, it is difficult to accept, especially in the context of contemporary Chinese retail recession. Editor: Karen