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    Shandong Ruyi Released The Actual Controller Change Notice

    2014/2/17 17:56:00 60

    Shandong RuyiActual ControllerAnnouncement

       Shandong Ruyi Today, the announcement of the actual controller change announcement has been received. It has received the notice from the controlling shareholder's wool spinning Refco Group Ltd (hereinafter referred to as "wool spinning group"). Shandong Zhongyi Group Co., Ltd. intends to sell the 27.55% equity agreement of its wool group to Shandong Ruyi Technology Group Co., Ltd.


    After the equity change, specifically, the wool textile group holds 42 million 60 thousand shares of the company, accounting for 26.29%, and is the controlling shareholder of the company. Chellona Orient Asset Management Corp, Zhongyi group, science and technology group and Jining SASAC respectively hold 31.86%, 27.55%, 24.46% and 16.13% stake in wool textile group. Before the transfer, the actual control of the company was Chellona Orient Asset Management Corp.


    This time Equity changes After that, the wool textile group held the same stake as Ruyi in Shandong. The shareholding ratio of the technology group holding wool textile group increased to 52.01%, and became the controlling shareholder of the wool textile group. Qiu Yafu, through the Jining Ruyi Investment Limited, owns 53.33% of the technology group, and is the real controller of the technology group. Therefore, the actual controller of Shandong Ruyi changed to Qiu Yafu.



    Statistics show that Qiu Yafu is currently the chairman of Shandong Ruyi chairman, director and general manager of wool textile group, and chairman of Shandong Ruyi Technology Group Co., Ltd. Technology Group registered capital of 193 million, mainly textile and garment manufacturing; cotton, chemical fiber textile and dyeing and finishing; cotton, wool and other textile raw materials procurement, processing and sales.


    For this time Actual controller The change is close to the company's source, told reporters, "the impact on the company is not great, Shandong Ruyi was originally chairman Qiu Yafu has the final say." The source said.


    Zhongyi group's official website shows that many subsidiaries of the company are involved in many fields such as scientific research, industry and trade, shipping, coal, real estate development, hotels, cultural transmission, etc. However, clothing is not a key development item of the company, and the transfer or investment transformation needs to be retract.


    According to the report of the China Federation of textile industry, Ruyi group ranks fourth in the top 500 of China's textile service enterprises in 2012-2013 years, and owns two vertical production chains of wool and cotton yarn. Ruyi Group acquired the second clothing group YeonSeung and India GWA wool textile company in 2012. In 2013, it was invested in Scotland Carloway tweed production company, and recently became a German menswear suit production company Peine Gruppe. Therefore, the above analysis shows that the restructuring of Shandong's Ruyi should still be in the field of clothing, or will be patented assets into the platform of listed companies.


    The company is planning to restructure its assets, which has been suspended for more than six months.

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