GOME takes over management of major rival

时间：2007-12-17 06:58:32

（单词翻译:单击）

BEIJING, Dec. 17 - GOME Electrical Appliances, China's largest electronics retailer2, has strengthened its dominance in key Chinese market after taking over the management of its major rival Dazhong Electrical Appliances.

 

GOME has lent a loan to a third party to buy the Beijing-based rival which has annual sales of about 6 billion yuan, and takes over its management. It will have an exclusive option to buy Dazhong for not less than 3.65 billion yuan, He Yangqing, Gome's spokesman told a press conference on Sunday.

 

"We need time to get the regulatory approvals, and there are uncertainties3 involved, so we adopted this transition," said He, adding Dazhong hopes the transaction will close as soon as possible.

 

After the deal, the Shanghai-Based GOME will have more than 100stores in both Shanghai and Beijing. The stores will operate under the two brands but funding, sourcing and logistics will merge4, according to He.

 

Dazhong is the fourth-largest appliance retail1 chain in China after Gome, Suning Alliance Co and Jiangsu Five Star Appliance Co, which is majority-owned by Best Buy, the largest U.S. electronics retailer.

 

GOME's arch rival Suning Appliance Co. withdrew from Dazhong's acquisition competition after it announced on Thursday to halt the talks with Dazhong for divergence5 on core merger6 terms.
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1 retail VWoxC     
v./n.零售；adv.以零售价格
参考例句：
  • In this shop they retail tobacco and sweets.这家铺子零售香烟和糖果。
  • These shoes retail at 10 yuan a pair.这些鞋子零卖10元一双。
2 retailer QjjzzO     
n.零售商(人)
参考例句：
  • What are the retailer requirements?零售商会有哪些要求呢？
  • The retailer has assembled a team in Shanghai to examine the question.这家零售商在上海组建了一支团队研究这个问题。
3 uncertainties 40ee42d4a978cba8d720415c7afff06a     
无把握( uncertainty的名词复数 )； 不确定； 变化不定； 无把握、不确定的事物
参考例句：
  • One of the uncertainties of military duty is that you never know when you might suddenly get posted away. 任军职不稳定的因素之一是你永远不知道什么时候会突然被派往它处。
  • Uncertainties affecting peace and development are on the rise. 影响和平与发展的不确定因素在增加。 来自汉英非文学 - 十六大报告
4 merge qCpxF     
v.(使)结合，(使)合并，(使)合为一体
参考例句：
  • I can merge my two small businesses into a large one.我可以将我的两家小商店合并为一家大商行。
  • The directors have decided to merge the two small firms together.董事们已决定把这两家小商号归并起来。
5 divergence kkazz     
n.分歧，岔开
参考例句：
  • There is no sure cure for this transatlantic divergence.没有什么灵丹妙药可以消除大西洋两岸的分歧。
  • In short,it was an age full of conflicts and divergence of values.总之，这一时期是矛盾与价值观分歧的时期。
6 merger vCJxG     
n.企业合并，并吞
参考例句：
  • Acceptance of the offer is the first step to a merger.对这项提议的赞同是合并的第一步。
  • Shareholders will be voting on the merger of the companies.股东们将投票表决公司合并问题。

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