NBD AI Bulletin - Wangfujing Group Co Ltd ("the Company", SH 600859, close price: 31.95 yuan) announced on January 18 that the Company and Beijing Capital Retailing Group Co., Ltd. are planning to merge with the latter in a form of share swap by issuing A-shares to all stakeholder of the latter and to raise funds by issuing A-shares.

The merger is now in the planning stage and uncertainties remain, and to ensure information disclosure, maintain interests of investors and avoid abnormal fluctuations in share prices, the Company's stock, based on the approval of the Shanghai Stock Exchange, were suspended from trading as of the market open on January 18, 2021 (Monday), and the suspension is expected to last no more than 10 trading days.

The 2019 annual report shows that Wangfujing Group mainly engages in department store operations, accounting for 94.04% of revenue.

Wangfujing Group's chairman is Du Baoxiang, male, 62-year-old, undergraduate degree, senior economist. The president of Wangfujing Group is Shang Xiping, male, 56 years old, Chinese national, undergraduate degree.

Tips on "Stock Trends":

1. The number of shares held by northbound investors decreased by 7.944 million in the past 30 days, representing 2% of the Company's circulating shares. 

2. There was no institutional research on the Company in the past 30 days.

(By Lan Suying)

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