China'S Powerful Tyrant

"Power tyrant men's clothing" officially appeared in January 11, 2008, and the Limited by Share Ltd, a powerful male tyrant, was announced to be reformed.

Fujian Jin Ba Investment Co., Ltd., Hongkong strong trade company and Fujian Jin Bang Investment Co., Ltd., respectively, with the investment amount of RMB 51 million 346 thousand and 800 yuan, 40 million 272 thousand yuan and 9 million 61 thousand and 200 yuan, have 51%, 40% and 9% equity interest of the new company.

After the Jinjiang municipal government put forward the slogan of "listing year", it was the first garment company that completed the stock reform in the reserve team of this round of listing.

As a private enterprise with foreign capital background and strong family color, it has been a tortuous and arduous process of restructuring.

The industry believes that in the "private enterprise birthplace" in Jinjiang, the restructuring process of the powerful company has a "template" effect on other listed companies.

On the noon of January 11th, during the luncheon after the unveiling ceremony of RBA's Limited by Share Ltd, Hong Zhongxin, the general manager of RBA's Menswear Limited by Share Ltd, presented a toast to the guests.

Compared with the ease of Hong Zhongxin at this time, the road of share reform for more than one year was much more tortuous.

Jin Ba is a family background company. It was founded in 80s of the last century by the current chairman Hong Zhaoming. It was originally called the two factory of Jinjiang Ying Lin Xinyi Jiali garments.

In 1993, in cooperation with Hongkong Jin Ba trading company, a joint venture was established in Fujian.

In the next 13 years, although the joint venture has gone through some changes, for example, in 2004, the capital investor in Jinjiang was changed to "Daming Garments Co., Ltd.", and the joint venture company was changed to "strong China (China) Limited".

But in the equity ratio of the joint venture company, Hongkong JP trade company is still the absolute protagonist.

As of December 26, 2006, the registered capital of China strong (China) Co., Ltd. was 100 million 680 thousand yuan, of which the Hongkong Jin Ba trading company, with a contribution of 99 million 280 thousand yuan, accounted for 98.6%.

In February last year, the Hongs family began to exert their strength.

The Jinjiang Daming Garments Co., Ltd., which was held by Hong Jia, was again changed to "Fujian Jin Ba Investment Limited" (hereinafter referred to as "power driven investment"). The registered capital also increased from 1 million 400 thousand of the original joint investment of Hong Zhaoming and Hong Zhongxin to 56 million. In addition, Hong Zhiyong also invested 24 million, and the total investment expanded to 80 million yuan.

Two months later, the structure of the investment investor was changed again.

Hong Zhiyong pferred 24 million contribution amount to Hong Zhaoming in April, and the total registration amount remained unchanged.

In June 2007, the registered capital of Jin Rui realized its second large-scale expansion in the year, almost two times from 80 million yuan a month ago, reaching 230 million 50 thousand yuan.

While RB invested heavily in capital raising, the company's shares in RBA (China) also rose all the way from 51 million 346 thousand and 800 yuan at the end of 2006 to 1 million 400 thousand yuan.

Shortly after the first round of expansion, the third "family" - Fujian Jin Bang Investment Co., Ltd., a listed company, was set up.

As another representative of Fujian's investors, the company registered capital of 10 million yuan, gaining 9% stake in Jin ba.

Throughout the restructuring process, under the premise that the total investment of 100 million 680 thousand remains unchanged, through the massive capital increase, the share ratio of Fujian's strong investment in the joint venture company is 51% from its predecessor, 1.4% of Jinjiang Daming Garments Co., Ltd..

At the same time, Hongkong's strong stock trading company was reduced from 98.6% to 40% due to equity pfer.

In addition, the joining of Jin Bang company made the total contribution of Fujian Province finally reach 60%.

This result laid the current shareholder structure of the Limited by Share Ltd.

In the future listing work, the stock ratio structure is likely to change due to the introduction of strategic investment and the implementation of equity incentives.

After the introduction of professional talents to complete the reorganization of assets, in December 20th last year, it was officially approved by the State Council that the two ratification documents of "business capital" and "foreign capital trial" took place in the country's business sector.

In December 26th, after the completion of the business registration procedures, the original "strong tyrant (China) Limited" was changed to "Limited by Share Ltd, a male tyrant man".

So far, Rb has fully completed the share reform.

Compared with the big changes in stock ownership, the senior executives of the stock companies after restructuring have not changed much compared with the original ones.

The current board members are: Chairman Hong Zhaoming, managing director Hong Zhongxin, director Hong Zhiyong, deputy general manager and Secretary of the board Hong Lianjin.

The supervisors are Zhao Rong, Li Shihua and Cheng Yongsheng.

In addition, the stock company also absorbed three independent directors of Zheng Chengxin, Yuan Xincheng and Xue Zuyun.

Among them, Zheng Chengxin is the general manager of XinDa Asset Management Co securities department and vice chairman of XinDa securities, and Professor Xue Zuyun is from the accounting department of Xiamen University, which has rich experience in capital operation, project audit and listing planning.

In addition, Yuan Xincheng, vice chairman and chief operating officer of the former TCL, known as "marketing Godfather", has been a legendary figure in the industry for many years. He has laid the pattern of marketing channels for the household electrical appliance industry and halted the price war of air-conditioners a few years ago.

In 2007, Yuan Xincheng came to Jinjiang to set up an altar and said that he was in touch with power fighter.

Hong Lianjin said that the introduction of several independent directors will bring positive influence to the listing and future development of the company.

When the first year of the "market year" army was chatting with reporters, Lin Shi Shi, director of the business department of the strong leader, was full of vision for the future.

He believes that with the advance of the listing work, the help of the capital platform, the scientific structure and the introduction of senior talents will enable the company to enter a new round of development.

In early 2007, the Jinjiang municipal government held a working conference on the listing of enterprises in the whole city, which aroused the hearts of many enterprises in the capital market.

On the one hand, listed forerunners such as Anta, seven wolves, and other shoe and clothing brand enterprises in the country, in the enterprise strategy, brand marketing and other aspects of the capital platform to dance with the long sleeve, set up a model, at the same time, has added to the later competition anxiety.

On the other hand, the trend of tightening the policy of "monetary policy" has become clearer in the past few months.

This makes the listing of enterprises suddenly add a lot of urgency.

At present, many local garment enterprises such as Li Lang, Qipai, and nine herdmen have held preparatory meetings in 2007. Many enterprises have set up working groups or related departments to be responsible for listing matters.

Among them, the strong leader took the lead in completing the share reform.

Hong Lianjin told reporters that as early as the end of the 2006 year of the municipal government's work conference, the top executives of the company had already made the decision to go public.

Despite taking the lead in the share reform, due to the listing procedure in mainland China, the listing schedule of the company is estimated to be postponed to 2009, even later than those listed in other sectors such as Hongkong.

It seems that it is still too early for us to talk about the specific listing of shares in the stock company.