Semir Resumed Trading On The First Day Of The Stock Price Crash, Corporate Inventory Ease Mergers And Acquisitions

< p > Semir < a target= "_blank" href= "http://www.91se91.com/" > dress < /a > recently announced that it will buy a 71% stake in Ningbo zhe Mu sang holdings limited by 1 billion 980 million yuan ~22.6 billion yuan.

The industry said that this is China's largest a target= "_blank" href= "http://www.91se91.com/" > clothing < /a > industry's largest merger case so far. It is foreseeable that similar mergers and acquisitions will be staged in the apparel industry with improved inventory pressure.

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< p > < strong > domestic garment industry's first largest single purchase < /strong > /p >

< p > zhe Mu Shang is a a target= "_blank" href= "http://www.91se91.com/" brand clothing "/a" positioned in the high-end leisure men's wear.

Although it has only started operation since 2007, its terminal sales have reached 3 billion yuan in just 5 years, and there are about more than 1200 stores in the mainstream department stores and shopping centers nationwide.

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Less than P, it is worth mentioning that the company is also actively exploring new channels for e-commerce. In 2012, "double eleven", the series of brands scored 100 million yuan per day.

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< p > Qiu Guang, chairman of Semir apparel, said that China's apparel industry has gradually moved from mass production and popularization to individuation and diversification. Only through multi brand operation can China meet the needs of consumers at different levels.

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Zhang Jian, executive general manager of corporate mergers and acquisitions of CITIC Securities, said in an interview with reporters: "the trend of collectivization of domestic garment industry will become more and more obvious. Even if Semir clothing is not ready, there will be other enterprises who will gain high-quality assets in the market, and only if they are strong at first, can they occupy more advantages." P

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< p > according to the agreement signed between the two sides, zhe Mu Shang's net profit in 2013 is not less than 265 million yuan; the net profit in 2014 and 2015 is not less than 20% over the previous year.

After the completion of the paction, zhe Mu Shang will become a controlling subsidiary of Semir apparel.

It is reported that Semir clothing does not rule out the future purchase of the remaining 29% stake.

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< p > < strong > the first day of the resumption of Semir's stock price plunged < /strong > < /p >.

< p > after the Semir clothing released this important acquisition news, the company resumed market pactions immediately.

But the company's stock price opened and fell, and then all the way down. At the close, Semir's clothing fell 6.77%, closing at 23 yuan.

"Semir clothing resumption on the first day of the stock price decline is expected, because there have been rumors of takeover, the market has released favorable results ahead of schedule."

An investment analyst said.

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< p > some investment institutions are optimistic about the acquisition.

Guo Haiyan, an analyst at CICC, predicts that the acquisition will increase the annual performance of Semir clothing in 2013 and 2014 by 23% and 24% respectively.

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Less than P, it is noteworthy that zhe Mu Shang had previously planned to launch an independent listing, but in Zhang Jian's view, zhe Mu still chose to carry out strategic cooperation with Semir clothing, which is obviously more sensible.

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< p > < strong > enterprise inventory to ease merger and acquisition heating up < /strong > < /p >

< p > 2012, China's clothing industry suffered a high inventory pressure. According to the analysis of the three quarterly reports of 33 listed companies, the total inventory was 49 billion 473 million yuan.

A large number of garment enterprises, including Semir costumes, have made efforts to bid farewell to "low-lying" through measures such as clearing inventory for dealers, and allowing new products to give profits.

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< p > up to the first quarter of this year, Semir apparel realized business income of 1 billion 400 million yuan, an increase of 6.26% over the same period last year, becoming the first "V" reversal since the first quarter of 2012.

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< p > Semir clothing director Zheng Hongwei said that in 2012, the company's inventory reached a maximum value of 1 billion 500 million yuan, which has dropped to 900 million yuan in the first quarter of this year. Now the inventory pressure has been relieved, and it will not cause any business burden to the company.

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< p > "Semir has abundant cash flow and no bank loans, and it will support the development of mergers and acquisitions by issuing bonds and stocks in the future."

Zheng Hongwei revealed that he has signed a memorandum of understanding with a Korean women's clothing brand, and will implement a European high-end men's wear brand project. In September, a well-known brand of children's clothing will be introduced in Italy.

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< p > the industry anticipate that the scale of China's casual wear market is 600 billion yuan, and some Chinese clothing enterprises, which are drawn from the high inventory pressure, will take M & A as a highlight in the next few years, because only by multi brands and differentially satisfying consumers' demand for clothing can we get a bigger "cake".

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