1997 was acquired by Yongyi International and renamed Yongfu Construction Co., Ltd.
1998, Yongfu Construction Co., Ltd. was changed to Yongfu Construction International Holdings Co., Ltd.
In 2000, China Telecom acquired with the consortium and changed its name to 2 1 Century Communication Co., Ltd., and sold all the department stores with poor management.
In 2004, it was acquired by CITIC Group and renamed CITIC 2 1 Century Co., Ltd.
2014065438+1On October 23rd, CITIC 2 1 Century will place 4.4 billion shares to Alibaba and Yunfeng Fund at the price of 0.3 yuan per share, which is about 63.9% lower than the price before the stock was suspended on June 6th, 65438+/kloc-0, which means that Alibaba entered CITIC 265430.
After the subscription is completed, Alibaba and Yunfeng Fund will hold more than 54.33% equity of CITIC 2 1 and become major shareholders. Ali and Yunfeng Fund will hold 38. 1% and 16.2% respectively, while CITIC Group will hold 9.92% and Chen Xiaoying will hold 9.64%. Alibaba will also appoint five executive directors.