YOUNGOR'S Clothing And Real Estate Business Will Be Split And Listed.

It is a commonplace topic for YOUNGOR to break up the listing of real estate business (P).

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Less than p ago, Li Rugang, vice chairman of YOUNGOR, once again made clear on the investor interaction platform that the company has completed the sorting out of "a href=" http://www.91se91.com/ "target=" _blank "clothing" /a "and real estate. In the future, YOUNGOR will be divided into" a href= "http: //www.91se91.com/" http: "," brand "," brand clothing "and" real estate development "two listed companies.

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< p > Real Estate partition < /p >

< p > according to the introduction, YOUNGOR has completed the two major business segments of brand clothing and real estate development, namely, the organizational structure, system flow and the elites.

The two businesses are operated independently by YOUNGOR clothing Holdings Limited and YOUNGOR realty Holdings Limited.

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< p > Li Rugang said that building brand clothing and real estate to develop two listed companies is not only conducive to improving the accurate valuation of investors and capital markets, promoting the optimization of resource allocation in capital market, but also conducive to solving the contradiction between distribution and management of the two major plates of the company, and promoting the two companies to develop more professionally and more rapidly through the establishment of business focus and long-term incentive mechanism.

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< p > "we will strive to benefit the company and shareholders."

Li Rugang said.

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< p > however, there is no relevant method system for the spin off of real estate business.

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< p > YOUNGOR manager Liu Xinyu revealed that there is no relevant system of separation at present and expects the innovation and development of capital market.

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< p > another media quoted YOUNGOR executives as saying that YOUNGOR intends to follow the discrete plan of the Northeast Expressway Limited by Share Ltd and separate the YOUNGOR clothing and YOUNGOR real estate from its listed companies. If it fails to split up next year, it will also injecting real estate funds into another company's backdoor listing.

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< p > data show that in 2010, the original listed company was divided into two parts: Longjiang traffic and Jilin expressway, which were listed on the Shanghai Stock Exchange respectively. This is the first two separate shares listed in the history of Chinese securities.

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< p > according to people familiar with the matter, this year's a href= "http://www.91se91.com/news/index_c.asp" > YOUNGOR < /a > has indeed done a lot of efforts independently for both clothing and real estate, and almost made it happen, but unexpectedly the relevant leaders were pferred and the matter was delayed again.

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< p > but in the view of the industry, the separation of YOUNGOR's real estate business is unlikely in the short term. At the same time, the market's expectations for this matter are relatively limited.

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< p > in the first half of this year, the secretaries of the company have revealed to the outside world that the "separation" is not going to take place in the past one or two years.

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< p > clothing is weak < /p >.

< p > it is worth noting that YOUNGOR has been considering the division of real estate business for a long time. As early as 2007, the company's spin off intention was heard on the market.

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< p > then, in 2009, YOUNGOR restructured YOUNGOR property limited with 1 billion 700 million of its own capital and increased its registered capital from 1 billion 500 million yuan to 3 billion 200 million yuan.

After the completion of the restructuring, YOUNGOR realty has reintegrated related businesses such as real estate, tourism, hotels, property management and so on.

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In the same year, the company integrated more than 40 clothing related subsidiaries into a holding company, that is, YOUNGOR clothing, and set up five brand studios, namely, Mayor&Youngor, Youngor CEO, GY, HARTMARX, and hemp five brands.

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< p > 2011, YOUNGOR chairman Li Rucheng has publicly stated that YOUNGOR is working to break up the existing listed companies, the initial plan is to separate its real estate business from the current listed companies, and the financial investment business is ready to be divested into the parent company YOUNGOR group.

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< p > there are analysts who say that in the past two years, the garment industry is not particularly prosperous. At present, YOUNGOR's profit growth is mainly from the real estate business.

In the face of stock market pressure, the management of the company once again put forward the idea that the real estate business should be split and listed. It should be hoped to boost investor confidence.

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< p > according to the three quarterly report released by YOUNGOR in early November, the company achieved operating income of 11 billion 580 million yuan in the first 3 quarters of this year, an increase of 50% compared with the same period last year, and a net profit of 1 billion 320 million yuan.

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< p > in the reporting period, the real estate business realized revenue of 7 billion 840 million yuan, an increase of 108.7% over the same period, and a net profit of 910 million yuan, an increase of 66% over the same period last year. If the land loss was deducted from 480 million yuan, the net profit of operating profit was 1 billion 390 million yuan, up 158.5% over the same period last year.

The investment business contributed about 5 million yuan in 1-9 months.

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< p > however, its clothing plate continued its trend in the first half of the year, and there was no obvious improvement.

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< p > the first 3 quarters, < a href= "http://www.91se91.com/news/index_f.asp" > brand clothing < /a > revenue increased by 4.1% to 2 billion 930 million yuan.

A broker pointed out that the increase in net income is estimated to be about 35%.

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< p > so, the gap between clothing and real estate business is increasing.

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"P" earlier, YOUNGOR insiders said in an interview with the media that after two business scale reached a certain degree, the contradiction became increasingly prominent, and the internal management of the company was facing serious problems.

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< p > this person points out that the annual salary of the same level posts is only seventy thousand or eighty thousand of the garments over there, while that of the real estate industry is doubled. This gap has caused many complaints among the employees.

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