Chongqing Department Store Plans To Set Up A Liquor Distribution Company And Develop An External Sales Project
On May 22, Chongqing Department Store announced that it agreed to set up Sichuan Yibin Liquor Distribution Co., Ltd. (tentative name) as a joint venture between its subsidiary Chongqing New Century Department Store Chain Operation Co., Ltd. and Yibin Yixin Property Development Co., Ltd.
The total investment of the project (special reading) is 5 million yuan, of which the registered capital is 5 million yuan. Chongqing New Century Department Store Chain Operation Co., Ltd. contributed 2.55 million yuan, accounting for 51% of the shares, and Yibin Yixin Property Development Co., Ltd. contributed 2.45 million yuan, accounting for 49% of the shares.
The payback period of the project is 3.94 years, and the internal rate of return is 30%. The reporter learned from Tianyan that Yibin Yixin Property Development Co., Ltd. was founded on April 18, 2018, with legal representative Wang Shimin and registered capital of 8 million yuan.
It is wholly owned by Nanchong Yixin Real Estate Development Co., Ltd. with a registered capital of 8 million yuan and two shareholders, Wang Shimin (95%) and Wang Zili (5%).
In addition, Chongqing Department Store also announced that the company agreed to Chongqing Tongliang County Zhongtian Industry Co., Ltd. (with housing development qualification), a wholly-owned subsidiary of Chongqing Zhongtian Property Development Co., Ltd., to invest in the construction of the Tower Project of the Huitong Shopping Center of the Commercial Society for sale.
The total investment of the project is 94.4459 million yuan, the construction area is 22358.87 square meters, the payback period is 5.34 years, and the internal rate of return is 32.11%.
Founded in 1950, Chongqing Department Store is an earlier state-owned commercial enterprise and listed commercial company in Chongqing.
After decades of hard work, the company has developed into a large commercial retail chain enterprise focusing on department stores, supermarkets and electrical appliances, and involved in hotel, food, electronic equipment and other business fields.
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