Lanzhou Min Bai Cuts Wholesale Clothing Market

Since January 16th, the Lanzhou private hundred (600738, stock bar) announcement has been announced today, and the plan will be issued.

According to the plan, the Lanzhou private 100 plan will issue 110 million shares to the controlling shareholder Red Chamber Group Limited (hereinafter referred to as the "Red Chamber Group") at the price of 5.91 yuan / share, and to buy 100% stake in Nanjing North Rim Market Management Service Co., Ltd. (hereinafter referred to as "Nanjing North Rim") with an estimated value of 630 million yuan.

Before the suspension, Lanzhou hundred hundred shares closed at 5.59 yuan.

The husband and wife of Zhu Baoliang and Hong Yidan from Hangzhou each hold 60% and 40% shares of the Red Mansions group.

The red mansion group held a 22.83% stake in Lanzhou before the paction, and its shareholding ratio will rise to 45.60% after the completion of the paction.

It is worth noting that the Nanjing rim North has not yet launched any business before March of this year.

Nanjing Ring North was established in January 2007. It was set up by Zhu Baoliang and Hong Tao respectively (80 thousand yuan and 20 thousand yuan respectively) by Hong Yidan.

Lanzhou min Bai announcement has admitted that since the establishment of Nanjing Ring North in 2007, it has not engaged in any business activities, and has only undergone some expenses in handling industrial and commercial registration, annual inspection and opening bank accounts.

By the end of 1 2012, the net assets of Nanjing's north rim were 95 thousand and 200 yuan.

In February 20th of this year, Zhu Baoliang and Hung Yi Dan signed the share pfer agreement with the Honglou group. Zhu Baoliang pferred the amount of 80 thousand yuan invested in the northern part of Nanjing to the Honglou group at a price of 80 thousand yuan. Hong Yi Dan also pferred the 20 thousand yuan contribution to the Honglou group at a price of 20 thousand yuan.

Until March of this year, the Red Chamber Group signed the agreement on capital increase and asset pfer with the Nanjing ring north. The red house group has invested six properties and two land related to the Nanjing wholesale clothing business in the north of the Nanjing to the north of the capital.

At present, Nanjing north rim business restructuring has not yet been completed.

If the reorganization is completed, the main business of Nanjing North Rim is the operation and management business of Nanjing North Rim clothing wholesale market.

Nanjing North Rim clothing wholesale market is one of the major wholesale clothing markets in Nanjing.

The market includes the Nanjing North Rim clothing wholesale market (first market) and Wen Si Yuan shop (the two market).

The two major clothing markets are located in the triangle area between the Bai Xia Road and the health road in Nanjing. The west side is adjacent to the Confucius temple tourism business district, and the East is close to the east main traffic road. It echoes with the prosperous commercial district of Xinjiekou.

It is reported that Nanjing north and North clothing wholesale market in 2011 revenue and net profit respectively about 72 million yuan and 30 million yuan, Lanzhou 100 billion in the same period revenue and net profit were 1 billion 188 million yuan and 47 million yuan respectively.

Lanzhou min Bai said the acquisition would significantly increase its performance and expand its business to professional market operations.

The red chamber group also promised in the announcement that the assets and businesses such as Shanghai's Yong Ling, Shanghai dry Peng, Hangzhou Xin Jin Shan Hotel and Zhejiang Red House International Hotel Co., Ltd., which still have competition problems in the same industry, professional market operations and catering services, and hotel services, as well as assets and business of Hangzhou North Rim silk clothing city and Hangzhou North Small Commodity City (600415, stock bar), will be selected to inject into Lanzhou after the clarification.