Historical Evolution of Shixian Company

19171kloc-0/On October 20th, Shixian Company, the first self-built department store in China, officially opened in Shanghai. On the opening day, the entrance was crowded, Nanjing Road was blocked, and the mall was crowded with people, shoppers and visitors. On that day, the East Asia Hotel also opened, and its equipment was first-class in Shanghai. At the same time, there are East Asian restaurants, including Chinese and Western banquets, Manchu banquets, economic drinks, coffee dishes and so on. In addition, a luxurious ballroom will be set up and Shanghai female singers will be invited to perform. Shopping, eating, playing and living are all in the building. People who often stay for several days make the business of Shanghai Shixian Company extremely prosperous.

19 14 years, Huang Huannan, an overseas Chinese businessman who once lived in Australia, went to Shanghai twice for field trips and specific preparations. He leased 10 mu of land from the owner Lei Shide Foreign Firm and built a new five-story building, facing north to south. Upon the decision of the board of directors, Shanghai Bank raised 600,000 yuan by independent issuance, of which Hong Kong Bank distributed 65,438+0/65,438+00 shares first, and publicly issued them in Shanghai, Hong Kong and Guangdong, and all the shares were paid soon. Because the project is huge, it needs to increase investment continuously. The board of directors decided to raise another 600,000 yuan. Some people think that it should not be recognized again, but Huang Huannan thinks that refusing will bear the enthusiasm of shareholders and suffer from the lack of shares to respond. After repeated deliberation, the thicker the capital, the more reliable the business and the easier it is to develop. Instead of losing the enthusiasm of shareholders, it is better to expand shares, so he decided to increase capital by 2 million yuan. After the all-share reform, the board of directors of Shanghai Bank was established, with Ma Yingbiao as chairman and supervisor and Huang Bingnan as director and first manager. At this time, Yongan Company is also preparing to build Shanghai Building on the south side of the road. Shixian Company stepped up its construction and finally completed it before the completion of Yongan Company.