Li Rucheng Asset Reorganization And Layout &Nbsp; &Nbsp; YOUNGOR Become The Largest Shareholder Of Yi Ke.

YOUNGOR (600177) 20 announcement

After the completion of the related paction, YOUNGOR will directly and indirectly hold 55157979 shares and 5191695 shares of yeco technology shares, and become the largest shareholder of yeco technology, with a total shareholding ratio of 29.84%.

The notice pointed out that since the actual controllers of the two companies were Li Rucheng, after the pfer of shares, the actual controllers had not changed.

But insiders pointed out that the move is

The reporter sent to YOUNGOR's secretaries general office, a person in charge of the pfer said, "everything is based on company announcement."

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Yi Ke technology also announced in 20 days that the company received the notice from the controlling shareholder of Ningbo Yinzhou Xinhua Investment Co. Ltd. and the second largest shareholder of YOUNGOR group Limited by Share Ltd in November 18, 2010. Xinhua investment and YOUNGOR signed the agreement on equity pfer in November 18, 2010, and Xinhua invested 34391199 shares (17% of the total share capital).

According to the announcement, the pfer price will be reduced by 10% according to the average price of the first twenty trading days of the Ningbo Yi Ke Technology Industrial Limited by Share Ltd before the opening of the board of directors of both parties. The pfer price is determined to be 10.56 yuan per share.

The industry pointed out that the integration of assets has already begun.

"Li Rucheng's move is considered from the perspective of industry chain and management.

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According to the 07 year announcement of YOUNGOR, yi Ke science and technology is the leading enterprise in the domestic garment accessories industry. Under the environment of the development of Chinese clothing industry and the pfer of international auxiliary materials industry, it is expected to achieve sustained growth in the next few years through the strategic cooperation with international giants and the investment of fund raising projects, and the acquisition of the appropriate science and technology shares has a positive impact on the company.

The operating income of yeco technology from 07 years to 09 years and three years is -3.0 billion, 290 million and 270 million respectively.

Its 09 annual report shows that the profits attributable to the listed companies after deducting non recurring gains and losses are 2 million 650 thousand yuan.

"In recent years, Li Rucheng has been planning to plan YOUNGOR technology to y.

"Ningbo Yinzhou Xinhua Investment Co., Ltd. is a wholly owned subsidiary of Ningbo Shengda development company, while Ningbo Shengda development company directly owns 0.91% of YOUNGOR's shares, and indirectly owns YOUNGOR's 31.40% stake through the company's first and second largest shareholders.

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Li Rucheng had previously publicly stated that YOUNGOR initially set foot in equity investments to enrich its industrial chain.

The industry pointed out that YOUNGOR's investment in Yi Ke technology is reflected here, rather than later purely for equity operations.

Over the past two years, YOUNGOR has been crowned with the name of no longer being honest, and some western media criticisms include some Chinese listed companies such as YOUNGOR, which have been losing their jobs and relying on speculation.

It is pointed out that "the psychology of speculation in listed companies is generally speculative. It is not so much speculation that they do not want to let go of any opportunity.

Relying on speculation and profit, it has not yet become the mainstream of listed companies, but if it becomes the mainstream of investment in listed companies, the consequences will be terrible.

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In fact, it is undeniable that YOUNGOR has also experienced ups and downs in the field of investment.

In 2008, YOUNGOR's net profit was 755 million. After that, it rose to 2 billion 475 million in the end of 2007. In 2008, the bear market slipped to 1 billion 583 million yuan, and in 2009 it turned to 3 billion 260 million yuan in one fell swoop.

In addition, this year's report shows that in 2009, YOUNGOR invested 157 million yuan in the purchase of Sinopec (600028.SH), Shimao shares (600823.SH) and Shuanghui development (000895.SZ) three stocks, as of this year's float loss will reach 70 million yuan.

Founded in 1979, YOUNGOR started from a small garment processing workshop. After 30 years, it has become a listed company with a market value of more than 26 billion yuan.

According to the prediction of CICC, the annual net profit of YOUNGOR textile and garment business is expected to reach 600 million ~7 billion yuan. According to the industry standard, the textile and garment business in 2010 will be 20 times the price earnings ratio, and the value of YOUNGOR in the textile and garment business is 14 billion yuan.

And in the real estate business, YOUNGOR will deliver two large property projects in the fourth quarter. CICC expects that the annual performance of the company can reach the level of last year, and the net profit of the whole year is expected to exceed 1 billion 200 million yuan. According to the industry level, the value of the company's real estate plate is 15 billion yuan.

In addition, according to the three quarter data, the net assets of YOUNGOR investment sector has exceeded 6 billion yuan.