Youngor 1.4 billion Integrated apparel enterprise

Every reporter Xiangxiaohui from Shanghai Youngor (600177, closing price of 15.42 Yuan) The recent movement is very frequent.　　At the end of last month, chairman Li Rucheng just in the company's shareholding on the maneuver, this only after less than half a month, and in the company's business "a fuss." July 14, Youngor announced the disclosure, will invest 1.4 billion yuan to increase the wholly-owned subsidiary Youngor Clothing Holdings Limited (hereinafter referred to as Youngor Apparel Holdings) of the registered capital, so that it from 200 million yuan to 1.6 billion yuan.　　After the completion of the increase, Youngor Apparel holdings will be denominated in the amount of Youngor's contribution, the acquisition of Youngor control of the 22 apparel companies in the equity. Youngor board Secretary Liu Nio told the Daily Economic news Reporter: "This is in fact the company's internal equity transfer, in order to rationalize the equity relationship, the original belongs to the listed company's 22 clothing company's equity transfer to Youngor Clothing holdings." "Citic Securities research report shows that 22 of Youngor's apparel companies, production links to the" Product category "division, the sales chain is divided into regional management, fragmented between the subsidiaries, the lack of integrated management.　　And in this arrangement, Youngor will be "brand molding process" restructuring its clothing plate, under a number of business departments, common operation of multiple brands. Citic Securities researcher Li Xin said: "Youngor restructuring of the apparel structure, conducive to the company's business again sublimation." "CITIC chief analyst Qian Jin, in his study, analysis, Youngor's main business includes three: Apparel textiles, real estate and equity investment. Youngor started out on clothing, but had previously been successful in the field of investment and had tasted sweetness in real estate, so it might have overlooked the commitment to clothing.　　But last year's slump and cyclical fluctuations in the real estate industry have made Youngor rethink its future plans for real estate. For those who are in the market to refer to the company's share change is the company's focus on the future of the business to the apparel industry, the company's chief Liu Nio retorted that there is no Youngor transfer industry center of gravity, clothing has always been the core industry of Youngor.　　Youngor has been a leading enterprise in the apparel industry, while real estate is a cyclical industry, Youngor will not give up the main business of clothing. Data show that Youngor's advantage in the field of clothing is always there. Youngor now has China's largest apparel marketing network, the company completed in 2006 across the textile, clothing, retail industry chain. 2008 Apparel, real estate, textile plate main profits accounted for the total profit of the main proportion: 50%, 42%, 8%.