Police Talking Ming Zhengbaiwen from ST.docVIP

 PAGE \* MERGEFORMAT 15 Police Talking Ming Zhengbaiwen from ST For the people concerned, the failure of the manufacturer has become commonplace in large-scale shopping malls are also used to depression or bankruptcy, but for large-scale wholesale merchants will be facing a crisis or even bankruptcy, whether ordinary people or the people in the industry is hard to believe, but it is a fact. China’s top ten wholesalers, is one of the first listing of a wholesale business - Zhengbaiwen now on in this embarrassing situation. Zhengbaiwen was in June 1987 in Zhengzhou City, Zhengzhou City, watch cultural goods in department stores and on the basis of the merger to form valid. In December 1988 the company has a pilot joint-stock enterprises, and changed its name to Zhengzhou City Stores Stationery Co., Ltd., to the shares issued to the public 4 million yuan, 200 yuan face value per share, a total of 20,000 shares. In December 1992, the company had to increase their investment. April 17, 1996 Zhengbaiwen 51.49 million A shares traded in Shanghai. In June 1998, Zhengbaiwen stock 10 with 3, but also financing of 147 million yuan. From the profit situation, are profitable until mid-1998, 1998, the beginning of the end of loss (loss that year nearly 5.5 million). As of the end of 1999, losses amounted to 2 billion yuan. April 27, 1999 by SSE to implement special handling Zhengbaiwen (ST). China wholesale giant of why such a short period of time (and which have been listed) on the sink like a stone then? We can not but give special attention to this particular period, that is, since mid-1998! Because it is from that time onwards, Zhengbaiwen embarked on a thorough road loss. We turned around the lens, then the current period Zhengbaiwen alignment partner - Sichuan Changhong, see it doing? Second half of 1998, Changhong began to build its own sales system, the establishment of the regional sales management committee to achieve the financial, sales, warehouse troika of m