What is the purpose of Baoneng’s placard in Nanning Department Store?

The strongest stock in the market recently is Nanning Department Store. Since December 4, Baoneng has acquired 4.21% of Nanning Department Store shares for 83.8591 million yuan, becoming the company's number one with a total shareholding of 18.85%. After becoming the major shareholder, the share price of the entire Nanning Department Store formed a rapid upward trend. So, what's the mystery here? What is the purpose of Baoneng’s placard in Nanning Department Store? There is currently no explanation from the relevant personnel for Baoneng's placard in Nanning Department Store, but the most likely result is that Baoneng has taken a fancy to Nanning Department Store's valuable land assets in the core area. After raising the placard and becoming a major shareholder, he can Carry out industrial transformation and cooperative development to obtain greater value. It is worth noting that the development of Baoneng Real Estate Company, a subsidiary of Baoneng, is not perfect, so this move may be for the development of Baoneng Real Estate. According to relevant information, Baoneng Real Estate is preparing to go public. The current plan is to reach the top eight in the industry no later than 2022, with a company valuation of 500 billion to 700 billion yuan. However, 17 years after its establishment, Baoneng Real Estate has not yet entered the top 100 in the industry. Sales in 2018 were only 6.66 billion yuan, and sales in the first 11 months of this year were less than 10 billion. In this regard, we cannot help but suspect that this placard is to pave the way for Baoneng Real Estate. It is worth noting that although Nanning Department Store's performance is not very good, its main stores such as Chaoyang Store and New World Store in the core area of ??the city's business district are all self-owned properties, which means that there are a lot of opportunities for renovation. . In addition, we should note that the current department store industry has been impacted by e-commerce and has generally faced difficulties in recent years. This precisely means that Baoneng can save a lot of stock buying costs and enter the market smoothly. Since Nanning State-owned Assets Supervision and Administration Commission, the largest shareholder of Nanning Department Store, does not intend to give up this piece of cake, it is generally believed that the major shareholder and the second shareholder may compete for the company's controlling stake. For now, Baoneng’s purpose of holding up Nanning Department Store has not yet been revealed, so we can continue to wait for the progress of the incident.