YOUNGOR Clothing Suspension Estate Separation Is Expected To Rise Again

< p > YOUNGOR < a href= "http://www.91se91.com/" target= "_blank" > dress < /a > because of planning important matters suspension yesterday, the long rumored "real estate business spin off" plan seems to have the possibility of starting.

With the increasing scale of the "three carriages" of < a href= "http://www.91se91.com/" target= "_blank" > clothing > /a > real estate and financial investment, the contradiction of "coexistence" in a listed company is increasingly reflected. It is imperative for YOUNGOR to comb its business.

There seems to be no consensus on the specific path of YOUNGOR's spin off: whether it is backdoor or otherwise.

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< p > yesterday, YOUNGOR suspended the market because of planning important matters, causing various conjectures in the market.

Looking back at YOUNGOR's every move in the capital market, from the fixed increase and the PE to the two tier market, it can be said that the market is thrived, but the most influential investor is the "real estate business spin off" which has been rumor for many years.

Many analysts told the Shanghai Securities Daily reporters that with the suspension of the company, this long rumored plan seems to have the possibility of starting.

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< p > < strong > property segregation is expected to rise again < /strong > < /p >

< p > the plan for YOUNGOR to split up the listing of real estate business was actually initiated by Li Rucheng, the company's actual controller.

In early 2011, Li Rucheng confirmed in a media interview 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."

However, at that time, the A share market had already closed down the road of refinancing of real estate and there was no clear indication when it opened. YOUNGOR's split plan was different from refinancing, but the impact was unintentional.

Therefore, after the formulation, there has been no evidence at the executive level.

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< p > turnaround occurred in the second half of 2013. With the signs of loosening of refinancing of real estate, YOUNGOR's anticipation of the listing of real estate business is revived, but its specific path remains a mystery.

Therefore, the suspension of YOUNGOR, many market sensitive people believe that "the time to split up."

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< p > however, there are also insiders pointed out that although the real estate refinancing "gate", many companies have launched a fixed increase plan, but so far, the real estate refinancing projects have not been static, thus revealing the reality of the situation can not be too optimistic.

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< p > < strong > there is inevitability of splitting up and listing < /strong > < /p >.

< p > in fact, throughout the development track of YOUNGOR in recent years, spin off has its inevitability.

All along, with the increasing size of the "three carriages" of "a href=" http://www.91se91.com/ "clothing industry" /a, real estate and financial investment, the contradiction of "coexistence" in a listed company is also reflected. YOUNGOR's business carding is imperative.

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< p > taking 2012 as an example, the operating income of listed companies was about 10 billion 700 million, of which the operating income of clothing and real estate development was 4 billion 80 million yuan and 4 billion 800 million yuan, respectively.

Earlier, a company insider said that after the two kinds of business reached a certain scale, the contradiction became increasingly prominent, bringing many troubles to the internal management.

For example, the same level of posts, clothing and real estate salaries in two industries doubled.

Of course, there are two factors in the industry, but the same as YOUNGOR employees, this gap has caused a lot of complaints, but also to the incentive mechanism of the company.

In addition, due to the large span of real estate and clothing business, which is not conducive to the company's positioning, it also affects the company's valuation.

Based on this, analysts pointed out that whether for the company's development or investors, the independence of the real estate business has its rationality and inevitability.

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At present, there seems to be no consistent view of whether the market's specific path to YOUNGOR's spin off is p backdoor or otherwise.

However, YOUNGOR is currently playing a very active role in the capital market. Finding a breakthrough path should not be difficult.

2013 semi annual report shows that the company holds 23 shares of listed companies, of which Yi Ke technology is a subsidiary of the company, the main garment accessories, is one of its apparel business chain; in addition, YOUNGOR's shareholding ratio for the Guangzhou stock and the first Labor University is more than 10%.

What is more worth mentioning is that in mid October of last year, YOUNGOR also increased its stake in the company, and its shareholding ratio surpassed the company's largest shareholder, the octopus group, and became the first controlling shareholder of the Industrial University.

As luck would have it, just yesterday, when YOUNGOR announced the suspension, the share price jumped sharply in the first hour before the first closing of the labour force, which was more than 8%, but it still rose more than 6% throughout the day.

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