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Sale Of New Horse Clothing &Nbsp; YOUNGOR Intends To Pform

2011/6/24 8:58:00 72

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Recently,

Youngor

(600177, share bar) (600177.SH) issued a notice on the sale of shares of new Ma company. In this regard, Mr. Li Rucheng, chairman of YOUNGOR group, said that YOUNGOR is also considering a higher level of industrial upgrading, and should turn from technology intensive to art and creative enterprises.

YOUNGOR announcements show that the company intends to wholly-owned subsidiary of new Malaysia

clothing

All shares were pferred to Sheng Tai yarn dyed fabric.

If the net asset price is below $80 million, the selling price will be $80 million; if the net asset price is above $80 million, the audited net asset value will be sold.

The sale of new horse clothing is mainly for the production and export of shirts, T-shirts and trousers. There are many production plants in Hongkong, Sri Lanka, Philippines and Mainland China.

In this regard, YOUNGOR Securities Department staff said that the profit will be small, the new OEM clothing business at the bottom of the gross profit margin sale, YOUNGOR will be more concentrated resources and energy to do well.

brand

Garment industry.

In 2010, the gross domestic product profit of YOUNGOR reached 63%, much higher than the gross domestic product gross domestic product rate.

The current profit of YOUNGOR's clothing sector mainly comes from the contribution of brand clothing. The profit of the new Malaysia business is less than 2%, and with the appreciation of RMB and the increase of labor cost, this business does not have sustainable profitability and development space.

"There is still a big gap between YOUNGOR and some famous brands in the world. YOUNGOR will expand its scale in the future through the platform and resources of Singapore and Malaysia, through acquisitions and mergers."

Securities department pointed out.