Yongle interim profit fell 89% Gome Yongle consortium faces an uncertain future

With Yongle released the results of the first half of yesterday, finally a suspense Gome Yongle merger has been announced, the acquisition should have no variables. But the prospect of the coalition is overshadowed.

At the end of June, the Yongle turnover of 7 billion 723 million yuan, net profit of 140 million yuan from the same period last year fell sharply to 15 million 18 thousand yuan, dropped by 89%, but its net assets of the latest has more than 2 billion 250 million yuan.

Affected by the poor performance of Yongle, Yongle and Gome's shares yesterday fell sharply in the Hongkong stock market.

In accordance with the terms of the acquisition of the United States before the acquisition of Yongle, if Yongle electrical appliances as of June 30th this year, the net assets of less than 2 billion 250 million yuan, then the United States has the right to give up the acquisition. Since previously issued an early warning Wing Lok, the first half of its performance may be a loss, so in the past few weeks, the merger has been a case of suspense.

For the results of the sharp decline in Wing Lok, the United States said that the performance of Yongle has reached the requirements of the United States, the merger will not have any change. "The merger is proceeding as planned." GOME Electrical Appliances Holdings Co., Ltd. General Manager Weng Xiangwei told reporters yesterday.

In yesterday's semi annual report, Wing Lok also said it would open 90 stores this year, and continue to promote the merger of Gome and large and medium appliances.

However, the performance of Wing Lok sluggish, but the impact of the market for the United States and the United States before the merger prospects optimistic expectations. Yesterday, the Hongkong market Yongle shares fell 10.5%, the United States fell more than once more than 12%, the final closing down of $5.75%. In this regard, the United States expressed inconvenience to comment.

The largest holding Suning stock fund company said earlier, because the sum of Suning worth more than Gome and Yongle, Gome and Yongle of the merger seems to make the market force "has deviated from the true value of the stock price adjustment. However, from the current situation, the future of the United States and the United States can successfully integrate Wing Lok, to avoid being dragged down, it seems still unknown.