"Ten Miles nanjing road, a new world". New World (600628) Department Store is located in Shanghai's busiest Pedestrian Street on Nanjing Road, with an area of 210,000 square meters. According to the current Shanghai housing prices, some people estimate that New World is worth 30 billion yuan in department stores alone.
The company's wholly-owned subsidiary Shanghai Cai Tongde Pharmaceutical Company has a century-old traditional Chinese medicine Cai Tongde Tang and Hu Qingyu Tang, and the value has not yet been estimated. Cai Tong De Tang was founded in 1882 and is one of the first batch of Chinese time-honored brands.
I have never understood that a new world listed company has attracted a number of business tycoons and will not hesitate to grab money at high prices. In August 2015, in just over half a month, Liu Yiqian first held a brand in New World, buying 26.59 million shares at a purchase price of 17.14 yuan per share; then increasing his holding of 26.59 million shares at a purchase price of 21.37 yuan per share, holding a total of 53.18 million shares, accounting for 10%, with an average cost of 19.26 yuan per share. In 2015, in order to expand the big health business, New World issued about 1.7 billion yuan in private placement, and Zan Shengda and the variety shares he controlled participated in the private placement at a price of 11.43 yuan per share.
In the first three quarters of last year, New World earned 0.13 yuan per share, an increase of 329.40% year-on-year, and its net assets per share were 6.7798 yuan. Today,the stock price is 7.57 yuan, and the market value is 4.897 billion yuan. The total share capital of the company is 646.8754 million shares, and the total assets are 4.386 billion yuan. The assets of the department store building alone are about 30 billion yuan, plus the valuation of the century-old traditional Chinese medicine, and now it is a bit clear why Liu Yiqian, Zan Shengda and Shen Guojun are scrambling to buy a new world. It turned out that the intrinsic value was too great. Not recommended, just appreciated!
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