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    Deep Textile Non-Public Offering Shares Have Been Approved.

    2010/7/8 15:30:00 33

    Stock Market Textile Industry

    Deep textile was informed.

    China Securities Regulatory Commission

    The notifying company went to receive A shares on former permitted company's non-public offering.

    shares

    The approval will be announced after the company receives the approval.


      

    Deep textile A

    (000045:11.51, +0.42, 3.79), Shenzhen textile B (200045:5.400, +0.15, 2.86) announced in July 8th that in July 7, 2010 afternoon, the China Securities Regulatory Commission notified the company to pick up the approval of A shares of former permitted company's non-public offering shares, which would be announced again after the company received the approval.


    Supplement:


    Tianshan textile (000813) announcement said, because the company's major reorganization matters have greater uncertainty, the company's stock will continue to suspend business.


    The company said that the major restructuring efforts are being actively promoted, but because of the lack of intermediaries' opinions, it is not possible to announce the relevant contents.


    Tianshan textile was originally suspended by the largest shareholder since July 23, 2009.


    After the 2009 performance report, Li&Fung Ltd, a Hongkong listed garment supplier, fell 10% on Thursday.

    The company supplies clothing to retailers such as Wal-Mart Store Inc (Wal-Mart StoresInc.) and Kohl 's.


    The problem is not in Li Feng.

    Last year, Li Feng's profits recorded a record high. Despite weak sales in the US and Europe, sales in Li Feng increased by 39% in 2009.

    The real problem is that recent stock redevelopment, the theme of investment in the dominant Asian market, has left investors somewhat forgotten.


    Economists argue that US retailers are starting to increase their T-shirts and personal computer inventories due to the expected rebound in consumption, and the recovery of Asian exports is entering a new stage.

    Stock rebounding is reasonable; stocks of US businesses have dropped for four consecutive quarters, and inventories relative to sales have dropped to a low of nearly 10 years in January.


    So investors invest heavily in related stocks.

    Li Feng shares rose to a record high and far higher than the historical valuation level.

    The shares of SamsungElectronicsCo. and Yuyuan industries (Group) Co., Ltd. (YueYuenIndustrial (Holdings) Ltd referred to as Yuyuan group) are also strong.

    Samsung Electronics sells many products including computer chips and mobile phones.

    Yuyuan group produces shoes for Nike, Nike, Adidas, Adidas and Timberland.


    But inventory redevelopment will be a long and tortuous process.

    The characteristics of good times and bad times are now evident: economists expect us wholesale inventories to increase in January, but in fact this data has dropped.


    In addition, the destructive impact of enterprises on the economic crisis is still fresh. They may shorten the inventory cycle.

    Institutefor Supply Management (ISM) said that 68% of the non manufacturing enterprises surveyed last month considered that the inventory level was basically reasonable, and 26% of the respondents thought the inventory was too high. All these indicated that the enterprises would not increase their stock in large scale in the near future.

    Overall, ISM2 month surveys show that inventory levels are still falling.


    From this point of view, Li Feng takes the lead.

    The company's orders continue to increase, but its president, Bruce Rockowitz, soon realizes that inventory levels are hard to return to the high level in 2007.

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