① He Jianfeng, son of He Xiangjian, plans to invest 10.3 billion yuan in the home, with a transfer price of 42.5846 yuan/share; ② After the transaction is completed, He Jianfeng becomes the company's new actual controller, and Gu Jiangsheng's family is still the second largest shareholder; ③ The company had a target of 100 billion dollars when it went public, but after a series of mergers and acquisitions, it is still far from the target.
Financial News Agency, November 9 (Reporter Luo Yichen)Trading has only been suspended for two trading days, and all details of the 603816.SH change of ownership plan have been finalized. Midea Group (000333.SZ) founder He Xiangjian's family plans to transfer 29.42% of the shares of the listed company for about 10.3 billion yuan. The transfer price is 42.5846 yuan/share, 15.78% higher than the latest closing price of 36.78 yuan/share.
This evening, Gujia Home made an announcement. The controlling shareholder Gujia Group Co., Ltd. and its co-actors TB Home Limited, and actual controllers of the company, Gu Jiangsheng, Gu Yuhua, and Wang Huoxian, signed a share transfer agreement with Ningbo Yingfeng Ruihe Investment Management Co., Ltd. (hereinafter referred to as Ningbo Yingfeng) on November 9 this year. Ningbo Yingfeng transferred about 242 million shares of Gujia Home, accounting for 29.42% of the company's total share capital. The transfer price was 42.5846 yuan/share, with a total transfer price of nearly 10.3 billion yuan.
According to reports, Ningbo Yingfeng is the holding company of Yingfeng Group. The actual controller is He Jianfeng, the son of Xiang Jian. The latter also controls two listed companies, Yingfeng Environment (000967.SZ) and Baina Qiancheng (300291.SZ), through Yingfeng Group. Their main business is environmental protection equipment, film and television entertainment, respectively. This time, the customer's claim to the outside world is that the strategic layout is based on confidence in the long-term development of the home furnishing industry.
It is worth noting that although He Jianfeng will replace Gu Jiangsheng's family as the actual controller of the listed company after the transaction is completed, the Gu Jiangsheng family did not completely leave the market. They still hold 18.02% of the shares, and are still the second largest shareholders of the listed company. Whether Gu Jiangsheng's family, which holds the status of the second shareholder, will continue to participate in the company's daily operations will be the focus of the company's next phase.
Looking back at the development history of Gujia Home Furnishing, this company founded in 1982 has gone through 40 years of ups and downs. At the beginning of its listing in 2016, founder Gu Jiangsheng once made a big statement that 10 years from now, in 2026, the company will achieve revenue and market value of two hundred billion dollars. Focusing on this goal, starting in 2018, Gu Jiangsheng led a series of mergers and acquisitions, driving rapid growth in the company's assets and revenue scale. Through a series of mergers and acquisitions, Gujia Home has built a huge product and brand matrix, cutting from soft sofas to mattresses, whole-house customization, etc., to promote its own continuous transformation and expansion, and has become an “all-rounder” among currently listed companies in the upholstered home furnishing category.
However, this series of expansionary actions is still unable to withstand the impact of the downturn in the home furnishing industry. Intensive mergers and acquisitions in the past have also been alleged to have obvious sequelae, exacerbating the financial constraints of controlling shareholders. This year marks the eighth year that Gujia Home has gone public. Agencies expect the company's revenue this year to break a new high, reaching 20 billion yuan. The latest total market value is 30.2 billion yuan. Both are far from the 100 billion target. In fact, due to the fragmentation of the market pattern, the entire household goods industry in the A-share market is currently not a giant with a market capitalization of 100 billion yuan. European Home Furnishing (603833.SH) with a market capitalization of 54 billion yuan currently ranks first.