US State Clothing Performance Slipped And Forced To Change, Spend 525 Million To Find A Way Out

Since last year, with the deepening of financial reform, the establishment of

The voice is booming.

The State Council promotes private capital to enter the financial industry, making many listed companies' enthusiasm for entering the financial system completely released and competing to invest in establishing P2P net loan companies and participating in urban banks.

Despite the fact that there has been no substantial progress in the establishment of private banks in CHINT electric appliances, Huafeng spandex, AOKANG bird international and AOKANG international 4 years ago, there has been no substantial progress in the development of private banks.

Thursday night,

According to the announcement, the company intends to join together with Shanghai Jun Yao (Group) Co., Ltd. (hereinafter referred to as "Jun Yao group") as the main sponsor to prepare the establishment of "Shanghai Huarui bank Limited by Share Ltd". The registered capital will be RMB 3 billion 500 million yuan, and the total investment of the US state clothing is 525 million yuan, with a shareholding ratio of 15%.

As one of the sponsors of the first private bank in Shanghai, Smith Barney's clothing has attracted the attention of the market since the news came two months ago. Not only has the company's share price surged, but also the company has successfully attracted a large purchase of a private company, and has successfully become the third largest shareholder of the company.

Spend 525 million to set up the first private bank in Shanghai.

In the evening of November 13th, the US bond clothing announced that the company intends to join together with Shanghai Jun Yao (Group) Co., Ltd. as the main sponsor to prepare the establishment of "Shanghai Huarui bank Limited by Share Ltd", with a registered capital of 3 billion 500 million yuan.

The total investment of the company is 525 million yuan, and its shareholding ratio is 15%.

According to the announcement, Jun Yao group subscribes 1 billion 50 million yuan in registered capital in cash, and the company subscribes 5.25 yuan in registered capital in cash. Other general promoters subscribe to registered capital in proportion to the corresponding capital contribution.

"Shanghai Huarui bank Limited by Share Ltd" (provisional name) intends to register capital of 3 billion 500 million yuan. Its business scope includes absorbing public deposits; issuing short-term, medium-term and long-term loans; handling domestic and international settlement; processing notes acceptance and discounting; issuing financial bonds; issuing agents, acting on behalf of cash, underwriting government bonds, buying and selling government bonds, financial bonds, etc.

The sponsors of the "Yao Yao group" holding more than 5% shares and signing the relevant commitments of the main sponsor risk mechanism include obligations to support the accumulation of endogenous capital of the Huarui bank, and the three year if they do not meet the regulatory requirements.

Before the state promulgated the deposit insurance system and the bankruptcy regulations of the financial institutions, the remaining risks and liabilities for personal savings deposits under RMB five hundred thousand yuan should be borne by the failure of the Huarui bank.

For this external investment, the US state clothing said that the establishment of private banks has carried out a major mission of promoting financial reform. The opportunity to participate in the establishment of Shanghai's first private bank as the main sponsor is a rare opportunity for the company to develop investment. Shanghai is vigorously building an international financial center, and the financial and banking industry is facing tremendous opportunities for development and good prospects. At the same time, the company's investment in the establishment of private banks is conducive to optimizing the allocation of resources and increasing the rate of return on capital in the future.

Successfully attract private placement of a Ge Xi Xi placards

On Wednesday night, the good announcement came out. However, yesterday, the price of Smith Barney apparel has not risen sharply, but it has only risen by 1.81%.

This is also attributable to the fact that the news that the company plans to invest in private banks has been made public two months ago, and that the capital market's pursuit of private capital entering the financial system has already made the company's share price go through a round of speculation.

As early as two months ago, in September 13th, the United States and the State Council announced the resolution of the board of directors. The company's board of directors deliberated and adopted the motion to participate in the establishment of the Huarui bank. The company intends to serve as one of the two main sponsors, and has initiated the establishment of the first batch of private banks in Shanghai, "Huarui bank Limited by Share Ltd". The company's proposed investment amount is not more than RMB 750 million yuan.

As soon as the news came out, the company attracted a lot of investors, whose share price rose from 9.87 yuan to 12.12 yuan, more than 22% in less than a month.

Not only did the share price rise, but the United States shares successfully attracted a large purchase of a private company.

On the morning of September 29th, the CBRC announced that it had agreed to set up Shanghai Huarui bank in Shanghai.

The bank is jointly sponsored by Shanghai Jun Yao (Group) Co., Ltd. and Mei Bang Wei dress, and Huarui bank will be registered in Shanghai free trade area, which means that Huarui bank has become the first private bank settled in the FTA.

On the same day, Chai hee invested heavily in buying American border clothing.

In the 6 phase, the Chai Hei added 50 million 550 thousand shares of the US bond market through the bulk trading platform of the Shenzhen Stock Exchange, and the average paction price was 9.82 yuan per share. The shareholding ratio reached 5% of the total share capital, reaching the bottom line of the brand, and the number of its holdings has become the third largest shareholder.

It is worth noticing that as early as September 26th, Chai hee 1 and Chai hee 11 bought 26 million shares and 20 million 300 thousand shares respectively by the way of block trading at the price of 9.72 yuan per share. Chai Hei 1 in September 29th passed a centralized bidding method with a total profit of 10.72 yuan per share, earning a profit of 26 million yuan. On the same day, the zhe Hefei 11 period also sold out the average price of 11.26 yuan per share by means of centralized bidding, making a profit of 31 million 260 thousand yuan.

Analysts generally believe that private Chai Hei's stake in American bond clothing is most likely to be indirectly owned by Shanghai's FTA's first bank.

Under the performance slip to change

Some time ago, with the centralization of the three quarterly bulletin of the listed companies, the difficulties of the garment industry also surfaced. Over half of the performance of the garment enterprises fell sharply, and they had to try new ways to expand the channels for new profit growth points.

The net profit in the first three quarters decreased by 40.94%.

Moreover, in the third quarter of the single quarter, the United States has achieved a profit of 1 billion 700 million yuan, a year-on-year decrease of 16.02%, and a net profit of 47 million 105 thousand and 500 yuan, a significant decrease of 70.57% compared to the same period last year.

In addition, the company also expects net profit of 2014 to 162 million to 284 million yuan, down 30%-60% from the same period last year.

For clothing listed companies, inventory has always been hard to say "pain".

The three quarterly report shows that the new inventory and accounts receivable fall 44 million yuan in the reporting period, which also contributed to a certain degree of pressure on its single quarter performance.

The downturn of performance has forced enterprises to seek mergers and acquisitions and cross-border cooperation from my rescue.

Prior to this, Mei Bang clothing has been established to continue to promote.

Strategy.

To this end, the company has closed down inefficient or business circle changes in Direct stores, franchisees are also gradually strengthening the terminal control capability, but the company must also face the throes of the pformation of the Internet based innovation business mode, so the pressure of performance is also extraordinarily huge.

The United States apparel program to invest in the establishment of private banks in Shanghai, has also been widely agreed that the company's main business in the background, through equity investment to enter the financial system, thereby increasing the company's new profit growth point, from the financial reform policy to get a slice of the cake.

However, there are also concerns in the industry that the relevant policies are not yet clear, and the market environment has not yet been tilted to private capital. The small banks of big banks are still unable to speak fair competition. The high profitability of private banks still has many uncertainties.

Moreover, compared with the current state-run banks' implicit guarantee for the government, this is a very serious challenge for the sponsors of private banks.