YOUNGOR Is The Largest Shareholder Of Yi Ke Technology.

Affected by this news, the company's stock price once rushed to the trading limit in early trading, closing at 13.86 yuan / share closed up 6.45%.

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YOUNGOR

Discounts for 17% shares

Yesterday, yi Ke Technology and YOUNGOR announced at the same time that yeco technology received a notice from Ningbo's Yinzhou Xinhua Investment Co., Ltd. and the second largest shareholder YOUNGOR in November 18th. Xinhua investment and YOUNGOR signed the agreement on equity pfer in November 18th. Xinhua investment pferred the 34 million 390 thousand shares of yeco technology shares to YOUNGOR, which accounted for 17% of the total share capital of the company and the total pfer price was 363 million yuan.

After the pfer, YOUNGOR became the largest shareholder of yeco technology, holding a direct shareholding of 27.27%, an indirect shareholding of 2.57%, and a direct shareholding and indirect shareholding ratio of 29.84%.

According to the announcement information, YOUNGOR's pferable company's stock price is 10.56 yuan / share, which is discounted compared with the current stock price of the company.

Although the pfer of shares on the surface does not involve changes in the actual controller, analysts pointed out that this may be Li Rucheng's readjustment and layout of its clothing and textile assets.

Because after the re integration of the assets, the main garment accessories and hemp business will become YOUNGOR's next level company, which will have a more positive impact on further improving YOUNGOR's clothing and textile business chain.

According to the three quarterly report released by the company before the acquisition, the company's total profit in the first three quarters reached 14 million 226 thousand and 400 yuan, exceeding the total profit in 2009 for 10 million 756 thousand and 600 yuan, and the net profit reached 6 million 592 thousand and 900 yuan, which is close to the total net profit in 2009.

Analysts pointed out that as early as 2007, YOUNGOR had acquired the idea, but later it stopped buying because of tax issues and purchase price.

Now YOUNGOR has chosen to restructure in the wake of the company's rebound in performance, not only for its moderate price but also for its performance.

Arouse concern

After the completion of the related paction, the rumours of the company's restructuring for many years finally settled, and the long-awaited hemp business has become the object of more speculation for investors.

Statistics show that as early as 2007, yi Ke Technology and YOUNGOR jointly established the hemp industry Klc Holdings Ltd (hereinafter referred to as hemp Holdings), of which YOUNGOR has a 40% stake, and 51% of the company has an equity interest.

In the same year, when the establishment of hemp holdings, YOUNGOR launched a plan to buy Xinhua investment hand Yi Ke Technology equity.

A private person pointed out that after YOUNGOR became the largest shareholder of yeco technology, it is the next most noteworthy focus for its 40% HEMA holdings to follow.

Because hemp has always occupied an important part in the main business of yeco technology, the market expects that YOUNGOR or 40% of its hemp holding shares will be fully injected into the technology of yeco so that the control of the technology of hemp will reach 91%.

In the background of the profitability of Yi Ke's garment accessories business, Li, who has always been known as "hemp fans" by the industry, will choose to rearrange the hemp industry in yeco technology.

As early as January this year, yeco technology has announced the sale of Sun company's "Ningxia Lai Bao" 60% stake. Ningxia's Lai Bao specialized production main business black carbon lining clothing linings, after the gross profit margin of the business fell 6.4% compared with the same period last year, the profit outlook is increasingly dim. The industry believes that this may be preparing for the asset injection of hemp business.

What is the prospect of the hemp project? According to the data, the design scale of the hemp project is 5000 tons per year, and the investment is 350 million yuan. The production scale of the hemp fiber is 2000 tons per year and the investment is 200 million yuan RMB. The first phase of the project has been completed in the first half of this year, and 2000 tons of capacity can be put into production.