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Easyhome Will Complete Backdoor Listing Via Wuhan Zhongshang Commercial Group

Wuhan Zhongshang (000785.SZ) announced on the evening of January 9 that the listed company will acquire 100% of the equity of Beijing Easyhome Home New Retail Chain Group (referred to as Easyhome New Retail). Wuhan Zhongshang will suspend trading for no more than five days to disclose specific restructuring plans.

 

Easyhome Holdings is the controlling shareholder of Easyhome's new retail, and the actual controller is Wang Linpeng. Upon completion of the acquisition, Easyhome Holdings will become a shareholder of the listed company. The market value of Wuhan Zhongshang is only 1.69 billion, which means that after the completion of the acquisition, Easyhome will be listed on the backdoor, and Wang Linpeng will become the actual controller of the listed company.

 

Easyhome's new retail, Easyhome's core business, is also the mainstay of more than a dozen investors including Alibaba a year ago. In February 2018, Easyhome received a total investment of 13 billion yuan from Alibaba, Yunfeng Fund, Taikang Life Insurance, Jiahua Weiye, Joseph Investment and other institutions, and sold 36% of the shares.

 

According to media reports, Easyhome has been on the market for many years – since 2015, Wang Linpeng became the actual controller of the actual holding. By the end of 2017, Easyhome Holdings has once again combed the equity. In recent years, the equity change has obviously been prepared for the listing: the domestic IPO requires that in three years the controller has not changed.

 

 

(Source: JJgle.com)