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    China Baofeng Baofeng Adverse Market High Profile Domestic Sales

    2009/1/9 0:00:00 81

    Li Xiaolu, a movie star

    In the "severe winter", Quanzhou

    Famous shoe enterprises

    Baofeng ignites "a fire in winter": a comprehensive March this year.

    domestic market

    To open up the "third pole of footwear industry" wealth.

    On the 5 th of this month, Baofeng new international held a new conference and investment promotion conference in Quanzhou.

    international capital

    Background Hongkong CITIC Capital "marriage" will jointly create "China drag sandals aircraft carrier".

    Bao Feng did not disclose details because of confidentiality provisions.

    financing

    The amount, but the company said the financing was "tens of millions of dollars".

    It has been revealed that in 2009, Baofeng new international will define its slippers completely and invest a huge amount of market operation cost. It will strongly publicize in the CCTV, TV and mainstream newspapers, magazines and other media, and invite the popular actress Li Xiaolu as spokesperson to make the real Chinese slippers first.

    stay

    financial crisis

    At this juncture, especially for many international investment banks and funds, the investment of CITIC Capital is unusual in the industry.

    In this regard, the new investors' evaluation of Baofeng shows their investment points. "Baofeng's experience in the international market and the largest production scale of footwear industry in Asia all make CITIC Capital full of confidence in this investment. They inject billions of dollars into Baofeng to help their domestic brand operation and market promotion.

    We hope to achieve win-win results through this marriage.

    If the most direct benefit brought by the integration with international capital is "financial security", then "its indirect advantage is that CITIC will introduce many advanced ideas".

    Chen Qingwei, director and general manager of Baofeng shoe industry, said that Baofeng will build a better internal control system by this way, and "harsh" CITIC will help Baofeng finish this "normative process".

    When Baofeng is going public, Chen Qingwei admits that there is no timetable. At present, Baofeng considers how to occupy the market first.

    Editor: vivi

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