After The BELLE International Listing, The Massive Mergers And Acquisitions Two Months, 2 Billion

Following 1 billion 600 million yuan acquisition of shoe maker Jiangsu Sunda, BELLE international recently announced that it will purchase 563 million of the total rights and interests of Shanghai shoe maker, Yung Xu, in the mainland.

Shanghai Yong Xu shoes industry is mainly engaged in the production of men's and women's shoes manufactured by the original equipment. Up to the end of last year, Shanghai's profit after tax was 15 million 620 thousand yuan, and 1-9 yuan this year recorded a loss of 21 million 10 thousand yuan.

BELLE international, headquartered in Shenzhen, is listed on the main board of Hongkong in May 23rd.

Financing was 8 billion 660 million yuan, becoming the largest retail stock that was listed in Hong Kong at that time, and its main investors included Morgan Stanley and other overseas institutions.

Not long ago, BELLE also successfully incorporated the Hongkong Mianli brand and FILA China Trademark with a huge sum of money.