YOUNGOR Will Invest 3 Billion Yuan In 3 Years To Strengthen Clothing And Textile.

(600177.SH) announced in May 10th that it will invest 3 billion yuan in the 2011-2013 year to carry out the capacity integration and channel construction of the garment sector.

The plan was disclosed in a prospectus entitled "the first phase of the 2011 short-term financing note prospectus".

Concerned people told the first financial reporter, on the one hand, the above investment is gradually pferring the clothing and textile manufacturing base from the high cost of Ningbo and other areas to the relatively low cost of Chongqing and Vietnam. On the other hand, YOUNGOR will increase investment in sales channels such as exclusive stores, so as to realize the pformation of YOUNGOR from manufacturing enterprises to brand marketing enterprises.

Analysts believe that

Occupying the first place, reaching 12%, it has strong brand awareness and resource accumulation, and the prospects for pformation from manufacturing enterprises to brand marketing enterprises are more optimistic.

YOUNGOR received 11.43 yuan in the early market, and fell 0.26%.