Competition in Channal market is transiting to the capital field.
YongLe whose recommenders are Morganstanley and Cazenove Asia,will enter HongKong Stock market in October 2005,with 100 million HKD finance. That finance is used for enlarging the stores and increasing the number from 121 to 192.
YongLe?press and public relation officer Huang Jianping said,as company did have a schedual,he could not say anything in essential. Chen Guibin from YongLe Beijing filial said once entering the stock market,YongLe would have more abundant capital to expend Beijing market.
Guo Mei entered to HongKong stock market with 33.8 million HKD in 2004. and?Suning also finaced 49 million dollars in national market. From 2002 to 2004,these three privately owned chained enterprises double the size,reaching to 500 shops.
Analyzers thought that by entering to the stock market,Suning and Guomei have gathered enough money to get further expanding. This time YongLe has taken the first step to the oversea stock market. In the future,the competition among the electronic product chained stores will transform from the human recourse field to the capital market.
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