Chuang Ji Completed The Restructuring Of The Controlling Power To Spend "Shandong Ruyi"

At the end of 2012 P, Chuang Ji was almost bankrupt due to a debt crisis and involved 30 billion yuan Guarantee Circle, which almost led to the second round of private enterprise crisis in Wenzhou. The merger will help the brand go further. < /p >
< p > the market is puzzled that the registered capital of the newly established companies is only 1 million yuan. Under the background of "a target=" _blank "href=" http://www.91se91.com/ "> clothing" /a ", the sales scale has expanded and the growth rate has slowed down. What kind of market effect can this merger bring? It remains to be seen. < /p >
< p > < strong > Ji'nan's new master, < /strong > /p >
< p > local media reported that Chuang Ji Group has recently co sponsored with Shandong Ruyi group to set up Wenzhou Chuang Ji a target= "_blank" href= "http://www.91se91.com/" > dress /a > limited. According to Wenzhou local media quoted Zheng Chenai, President of the Wenzhou clothing trade association, the move was initiated by the chamber of Commerce, which is an important measure to integrate and reorganize Wenzhou's clothing brand, so as to help Chuang Ji out of the crisis. < /p >
< p > reporter learned from the Wenzhou industry and commerce department that the Wenzhou Chuang Ji Garments Co., Ltd. was founded in August 30th. The two shareholders are Jining Ruyi Investment Co., Ltd. and Chuang Ji Group Co., Ltd., with the contribution ratio of 51% and 49% respectively, and the legal representative is Chiu YV. Qiu Yafu is the chairman and President of Ruyi group of Shandong, and is also the legal representative and chairman of Shandong Ruyi group. < /p >
< p > reporter telephoned Shandong Ruyi secretaries office, the other party said, Jining Ruyi Investment Co., Ltd. is the three shareholder of its major shareholder. However, the reporter did not inquire about the registration information of the company through the query of the registration status of Shandong industrial and commercial enterprises and Ji'nan industrial and commercial official website. < /p >
< p > August 16th to date, Shandong Ruyi has issued four announcements on the progress of major asset reorganization and suspended its business. At the board meeting in August 23rd, it passed the motion on agreeing with the company to plan for major asset reorganization. Whether the suspension is related to the cooperation of Chuang Ji group is still unknown. The reporter tried to contact Shandong Ruyi Dongwei Su Xiao, but as of press time, he did not receive a definite answer. < /p >
< p > China Daily reported that in the first half of this year, the total revenue of Shandong Ruyi Business was 276 million yuan, an increase of -33.60% compared with the same period last year, and net profit of 1 million 909 thousand yuan, an increase of -75.60% compared with the same period last year, while the gross profit margin was 20.21%, an increase of 39.84% over the same period last year. < /p >
< p > for this reorganization, in September 6th, Wu Bangdong, President of Chuang Ji group, denied to reporters by telephone. Previously, he told local media in Wenzhou that after the reorganization and reorganization of the garment sector, the brand was a "Redemption", and the newly established clothing company will continue to use the brand of Chuang Ji. There are still many details that need to be further discussed and communicated with < a href= "http://www.91se91.com/news/index_c.asp > > Shandong Ruyi /a >. < /p >
< p > < strong > shipping industry makes Chuang Ji worse than ever. < /strong > /p >
Zang Ji group, founded in 1996, has won the top 500 Chinese private enterprises. Its brand has also been selected as the "ten major influential brands of Chinese clothing". Clothing assets can be described as "backbone" of P. But by the end of 2012, the business was suffering from life and death. < /p >
< p > under the situation that the profits of the garment industry are becoming thinner, Chuang Ji Group has set foot in the fields of shipbuilding, mining, real estate and so on. In 2011, the group's output value was nearly 3 billion yuan. < /p >
< p > however, it is the investment of shipping industry that has become the last straw that encroachment on profits and crush Chuang Ji group. < /p >
< p > Zhuang Ji shipbuilding industry was founded in 2004, with a registered capital of 300 million yuan, with a total investment of 1 billion 272 million yuan and a total liabilities of 1 billion yuan. At the most brilliant time, Zhuang Ji shipbuilding industry has created the largest tonnage ship in Wenzhou shipbuilding two orders for 82 thousand ton bulk carriers settled in Zhuang Ji. However, when the second ships were not completed, the crisis hit. The financial crisis in 2008 caused the international shipping and shipbuilding industry to suffer a total loss. The Chuang Ji ship industry was suddenly reduced to freezing point due to the ship abandonment by the shipowners. < /p >
< p > bad news is that public information shows that in October 2012, the Chuang Ji group was listed as a concern enterprise because of a 20 million yuan loan maturity and no renewal of loans. The debt crisis began to ferment since then. In November and December of that year, 7 banks had to borrow 35 million yuan. In November 16th, the financing bank made a claim against Chuang Ji shipping industry for 336 million yuan with a letter of refund guarantee, which made the Chuang Ji group facing the loan crisis of the banking industry worse and worse. < /p >
More serious than P, mutual insurance is very popular in the private sector of Wenzhou, but this mutual guarantee amplifies the credit risk. Chuang Ji group is no exception. Around the Chuang Ji Group's mutual insurance business, the bankruptcy crisis of Chuang Ji Group has spread to the enterprises in the "circle", which involves a total of about 30000000000 yuan of bank loans, triggering the second round of private enterprises in Wenzhou. < /p >
< p > shipowners abandon ships, banks lend money, mutual trust enterprises trust crisis, and the three superposition will push the group to a predicament. At the beginning of December last year, there were even rumors that the Chuang Ji group was closed down for asset liquidation. Later, Zheng Yuanzhong, the founder of the group, said publicly, "do not jump off the stairs, do not run away, but you can't afford to pay back." And actively contact with the various functional departments of the Wenzhou municipal government to discuss the solutions to the difficulties. < /p >
< p > < strong > the registered capital of the acquirer is only 1 million < /strong > < /p >.
P, a person familiar with the matter, told reporters that the Chuang Ji Group will be divided into several pieces and then reorganized. In the future, the group will also be dissolved and a large number of subsidiaries have been cancelled. "Now Chuang Ji is left with clothing and shipbuilding, and other industries have been closed up, the property has been closed up, there is no new development, shipbuilding has started, the finished ship was built, completed for the Bank of China, the ship has been mortgaged to the bank." This speech, a bleak sight. < /p >
< p > the "trump card" of Chuang Ji Group in the industry or its < a href= "http://www.91se91.com" > garment industry < /a >. The people familiar with the matter told reporters that the restructuring of clothing assets is still in the negotiation stage. As for the receiving party, the industry envisages a large number of large scale clothing enterprises in Wenzhou and even Zhejiang Province, including YOUNGOR (600177, SH), Shanshan stock (600884, SH), etc., as well as production base and Zhuang Ji's Wenzhou Pingyang County, George Bai (002687, SZ). < /p >
"P" surprised the market that the acquirers were not from Zhejiang, but Shandong. Zhejiang Province, a listed company responsible person told reporters that if Chuang Ji Group has huge market potential, including its companies and clothing companies in Zhejiang province will definitely buy. The responsible person said that although Chuang Ji Group has a strong reputation for clothing, its current business structure is mainly to help other brands to do the generation processing, so the returns are not obvious. < /p >
< p > for this statement, reporters from Jining Ruyi Investment Co., Ltd. and Chuang Ji group did not receive further response. However, it is interesting to note that, for this case of mergers and acquisitions which is enough to attract the attention of the industry, the registered information of the business sector shows that the registered capital of the buyer is only 1 million yuan. < /p >
< p > the prosperity of the garment industry may also affect the willingness of the relevant enterprises. According to the data released by the National Bureau of statistics, in the 1~7 months of this year, the enterprises above Designated Size (units) wear less than a target= "_blank" href= "http://www.91se91.com/" > shoes < /a > hat, needles a target= "_blank" href= "_blank" > textile > retail sales total 617 billion 400 million yuan, an increase of 11.9% over the same period last year. Compared with the growth rate of 17% in the same period last year, it dropped by 5.1 percentage points. The recent report released by the China Clothing Association showed that domestic clothing sales increased steadily in the first half of this year, but the industry sales growth slowed down due to the overall economic situation. < /p >