Home >

Bosideng Cooperation With Itochu Will Realize Resource Sharing Across The Board.

2016/10/29 12:28:00 64

BosidengTextilesClothing

  

Bosideng

Through the loan capitalization plan, the company's main shareholder Ying Xin International Investment Co., Ltd. allotted 1834862385 shares of new shares at HK $0.93 per share to deepen its strategic cooperation with Itochu and speed up the internationalization process. The above contents have been formally approved by the shareholders' meeting.

 Three

The announcement indicates that the new subscribed shares account for 20.74% of Bosideng's issued shares, and the price per share is HK $0.93, which is 31% higher than the closing price of HK $0.71 in September 6th.

After the paction is completed, Gao Dekang and his contacts will increase their shareholding to Boston by 58.87% to 65.93%.

According to the notice, Ying Xin's common stock is wholly owned by Gao Dekang, of which no voting preferred stock is wholly owned by ITC SPC and is the main shareholder.

As of the announcement date, Ying Xin holds 2010000000 shares, accounting for 22.72% of the issued shares.

ITC SPC is a company founded by Affiliated Companies and CIAM of Itochu group.

Gao Dekang, chairman of Bosideng, said: "the loan capitalization not only increases the capital strength of the company, but also accelerates the deep integration of Bosideng and Itou Tada cooperation. With the rich experience of Itou Tada group, it will help enhance the overall management and operation ability of the group and the business development plan of the advantageous group in overseas areas."

In January of this year, Bosideng and Ying Xin signed a 24 billion yen financing agreement, about 1 billion 424 million yuan, in order to enhance the company's capital strength.

In June 19th, Itou Tada

Spin

Koseki Shuuichi, President of the company, visited Bosideng with the top management team, which promoted a step forward in deepening strategic cooperation between the two sides.

After the loan capitalization is completed, Bosideng and Itochu will realize the sharing of resources across the board.

On the one hand, Itou Tadamasa has been stationed for 20 to 30 years.

clothing

Professionals from the industry experience help identify the cooperation between Bosideng and Itochu group.

The initial cooperation plans include introducing high competitive raw materials to enhance the brand and product value of the company, strengthening the sales and marketing of the overseas market, and using the new production base of Itochu's Southeast Asian region to reduce production costs, expand the OEM management business, seek the opportunity to merge the high-end brand of the European and American high end down garments and the baby brand with high growth potential, promote the diversified development of Bosideng, learn from ITOI's international management experience, optimize the company's internal control and management practices, so as to enhance the enterprise value of Bosideng.

According to the announcement data, the subscription price of the new subscription is HK $0.93, which is 31% higher than the HK $0.71 on the day of the agreement subscription, which is higher than the industry's high-end level. The implied P / E ratio is about 22.65 times, which is higher than the industry's comparable price earnings ratio.

Bosideng has been looking for breakthrough opportunities and new growth points in recent years in the face of the downturn in the domestic garment industry. Itou Tada, as a world-renowned comprehensive trading company, has huge trade scale and market interest in China. With the help of Itou Tada's international management experience, he can enhance the management level and efficiency of Bosideng, accelerate the internationalization process, multi brand strategy and diversified development.

  • Related reading

Hongkong Tourists Slump Net Profit In The First Half Of

Company news
|
2016/10/29 9:44:00
31

Diesel Parent Company'S First Acquisition Of Handbag Brand Paula Cademartori

Company news
|
2016/10/29 9:34:00
46

This Year, Ross Stores Completed About 90 New Sites Expansion Plans.

Company news
|
2016/10/28 10:01:00
19

Adidas Has To Return To Second Seats In The United States. Andrea Has To Slow Down.

Company news
|
2016/10/27 14:36:00
57

Andemar'S Pace In The US Is Slowing Down.

Company news
|
2016/10/27 10:49:00
32
Read the next article

What Is The Reason For Suppressing The Textile Season?

As the weather turns cool, the current situation of weaving enterprises is still not good, and the overall construction starts to maintain low position. What is the reason for suppressing the textile peak season?