1000 kinds of nutritional supplements, vitamins, sports drinks and other diet food. The company over 4800 retail stores in the world, the United States more than 1300 distribution points, more than 1,000 shop-in-shop outlets, the total number of retail stores over 7100, to foreign media reports Guangming Group will be 2.5 billion -30 billion U.S. dollars acquisition of GNC equity. However, Cao Shumin interview with this reporter, said, The two sides are still negotiating, and finally (the purchase price) is how much is hard to say.

Cao Shumin said, the two sides have not reached an agreement, GNC ready market, the fund company to exit [URL="http://coachcnmgb2013.webs.com"]Coach Outlet Store[/URL]. Fund companies out there are two ways, one is looking for partners to sell the shares with us they can only exit a portion of the equity; another through the listing of all the Fund Exit.

Financial Times in an interview Informed sources said Bright Food GNC deal collapsed because the parties fail to price and other terms agreed Cao Shumin said, before our negotiating acquisition is considering holding, fund companies can stay, so management more smoothly, Chinese enterprises to mergers and acquisitions will generally encounter the familiar problem of management and we hope that fund companies left to help us manage.

For the GNC shareholders choice, Cao Shumin said, They (shareholders) IPO, we can understand.

GNC was a U.S. public company, but privatization in 1999, bought by private equity funds and Royal Dutch Numico (Royal Numico) GNC has two major shareholders, respectively GNC holders RUISHENG Management Group (res of anagement LL) and the Ontario Teachers' Pension Plan Committee (ntario eachers `ension lan Oard). In 2007, the two teamed invested $ 1.65 billion from the hands of the management company of Apollo (Apollo Management) took the GNC RUISHENG Management Group and the Ontario Teachers' Pension Plan Committee took over the GNC, which has been trying to push it again listed. In September this year, both submitted to the U.S. Securities Regulatory Commission (SEC) GNC listing application report, $ 350 million financing application materials display, as of the end of September 2010, GNC achieved operating income of approximately $ 1.4 billion, net profit of $ 78.3 million , an increase of 38% over the same period last year; the first three quarters of last year's revenues of $ 1.3 billion in the application for listing at the same time, GNC also make full preparation, two holders also intends to seek a buyer to sell in order to smooth the acquisition of GNC controlling stake Guangming Group had hoped to bid jointly with a private equity investor, has held talks with private equity firm Blackstone (Blackstone) and TPG fact [URL="http://coachcnmgbwebs.webs.com"]Coach Outlet Store[/URL], Bright Food GNC contact has for some time. As early as February 12 this year, bright Kin hi signed a cooperation agreement, Bright's Shanghai Yan Tang Group formed a joint venture with GNC and the company's products into China, Cao Shumin said [URL="http://icoachoutletonline-hot.webs.com"]Coach Outlet[/URL], If they want development in the Chinese market, we welcome choose to cooperate with them, GNC has not really entered the Chinese market, we are optimistic about their prospects for development. In addition, the two sides had a long talk, mutual understanding [URL="http://coachcnmgb13.webs.com"]Coach Outlet[/URL], the two sides there is a joint venture company, is conducive to carry out in-depth cooperation.Bright overseas mergers and acquisitions keep on fighting and Share French yogurt inconclusive

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