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    Yimin: To Eliminate "Wei Mi Incident" And Deny "Interest Pfer"

    2014/4/24 11:46:00 8

    Underwear Event

    < p > for the company's < a href= "http://www.91se91.com/" > Victoria "/a > event, there are market participants who suspect that this cooperation is suspected of interest pmission, mainly due to the fact that the Shanghai wheat division shares shares with the secret China exclusive distribution rights in Vitoria, while the ancient and modern group is real gold and silver has been cash in.

    < /p >


    < p > since the news that Yimin group will hand in the secret company of Vitoria, the market's attention has been rising again and again. It is not expected that the media questioned the matter on the second day of the news.

    And then triggered a series of investigation of the secret incident.

    < /p >


    < p > more and more attention has been paid to the market. At the shareholders' meeting, Dong min Qian Fu, a Yimin group, answered the questions raised by the Securities Daily reporter and interpreted the causes and consequences of Wei's incident.

    At the same time, Qian Guo Fu repeatedly stressed that the company has done its duty to disclose information.

    < /p >


    < p > it is worth noticing that why the Yimin group did not directly contact the secret headquarters of the United States in Vitoria, but the company did not talk about it. Is there any reason behind it? With this doubt, the Securities Daily reporter made an exclusive interview with Yimin group.

    < /p >


    < p > < strong > the rise of the stock price has led to the "/strong" > /p >.


    < p > "in fact, the reason why the company issued a letter of intent to sign a contract with Shanghai in February 26th is mainly due to the fact that the company's stock has gone up and that the share price has gone up after investigation, which is related to the rumour that the Yimin group wants to buy Vitoria secret company in the market."

    Qian Guofu said: "the company's share price has risen since February 7th, and it has been found that some companies have published articles, and there are market rumors that the company will buy" Wei Mi ".

    < /p >


    < p > for the above rumors, Qian Guofu said "rumors are not true".

    However, the rumors about Yimin group's acquisition of the above shares have not been found, and corporate investors know little about it.

    Before February 7th, reporters only found out that investors had released the news that "the company was the two shareholder of the company".

    < /p >


    < p > "shengshengda" is famous in the capital market. It is the actual controller of another listed company, and has invested heavily in the two tier market.

    Yimin group investors are puzzled about why they invest heavily in the company, but there are also some investors who are willing to follow suit.

    < /p >


    < p > according to Qian Guofu, Yimin group found that after the investigation, a group of ancient and modern subsidiaries signed a letter of intent with Shanghai wheat.

    "Because the stock price fluctuates and there is a rumor in the market, the company will issue a notice of cooperation letter of intent."

    Qian Guofu said the announcement only indicated cooperation intentions.

    < /p >


    "P > it is understood that Shanghai ancient and modern underwear Group Co., Ltd., a wholly owned subsidiary of Yimin group, signed a letter of intent with the Shanghai Cci Capital Ltd (Shanghai, Shanghai) in February 25, 2014.

    At that time, the two sides set up a joint venture to become the exclusive total distribution of Vitoria's secret and Selmark brand underwear in China. Shanghai wheat company shares 65% after the discount of the related brand agency and asset valuation. The ancient and modern group will invest 35% in cash, and the joint venture is to register in the Shanghai free trade area in China.

    < /p >


    < p > from the time of signing the letter of intent, the two sides have not signed the letter of intent when the rumors came out in the market. How did the news come out? < /p >


    < p > "our company employees have signed a confidentiality agreement, which can not be disclosed by employees."

    Qian Guofu denied the possibility of market rumors coming out of the company.

    At the same time, he said, from the market rumors and inconsistent with the announcement, the rumors are mostly speculation.

    < /p >


    < p > 14 trading days, the share price rose 30% < /p >


    < p > it is worth noting that on the day of the announcement of Yimin group in February 26th, the shares of the company rose 7.4% on that day and the highest price was 6.69 yuan / share. If the share price was calculated, the February 26th share price of the company rose by 30.4% over the February 7th share price.

    < /p >


    < p > in just 14 trading days, the profit per share is more than one yuan.

    There is a market analysis of this, from the company's share price in the early announcement of the rise of the counter trend, do not exclude suspicion of speculation.

    < /p >


    < p > it is understood that after the announcement in February 26th, many organizations sang more for this cooperation.

    At that time, it was widely believed that the ancient and modern group was the sole distributor of the foreign underwear brand in China. The deep cooperation was beneficial to the domestic high-end market and the profit growth.

    < /p >


    < p > but after being exposed to exclusive distribution rights in Shanghai's wheat division, the Yimin group's share price fell sharply, with the stock price falling, and the turnover rate also increased significantly.

    < /p >


    < p > data show that in February 27th, Yimin group shares fell 2.99%, turnover rate was 5.07%; in February 28th, the company's stock fell 6.02%, turnover was 4.26%.

    < /p >


    < p > < strong > true and false, exclusive a href= "http://www.91se91.com/" > distribution rights < /a > /strong > /p >


    < p > it is worth mentioning that in the fall of Yimin group's share price, some media denied that the exclusive distribution rights of Shanghai's wheat region in China were denied by the American secret headquarters.

    The United States has issued a media statement that it does not have the authorized "Vitoria secret" store in mainland China.

    < /p >


    < p > for this reason, the manager of the Shanghai wheat division told the media, "we have obtained the right of distribution directly from the Victoria parent company.

    LB company has distributed the right to distribute AFB to Victoria AFB, and AFB has authorized it to Shanghai Jintian. We are the investment agent of Jintian.

    According to public information, it belongs to the famous middle and top grade a target= "_blank" href= "http://www.91se91.com/" > clothing /a /a producer Limited Brands (hereinafter referred to as "LB company").

    < /p >


    < p > at the same time, the ancient and modern group also said publicly that it had read the authorization letter from the US LB company to American Fashion Brand (hereinafter referred to as "AFB company") and AFB company to Shanghai Kam Tian about Vitoria's secret product distribution.

    And Shanghai's wheat division is from Shanghai Jintian < a target= "_blank" href= "http://www.91se91.com/" > dress < /a > Co., Ltd. to obtain Victoria's exclusive distribution rights in China (as of December 31, 2022).

    < /p >


    < p > after that, the Securities Daily reporters rushed to the registered address of Shanghai's wheat, but did not find the shadow of the company. According to a reporter's investigation, the controversial Shanghai's wheat division was only registered in Jinshan District's Tinglin Town, but it is not known where the real body of the company is.

    < /p >


    < p > Yimin group relevant department head told reporters that the company was also seeing the letter of Wei's authorization and inspecting the secret store after its visit to the store.

    {page_break} < /p >


    < p > < strong > suspected suspicion of conveyance < /strong > /p >


    < p > data show that Victoria is one of the most famous underwear brands in the world. Its sales revenue in 2013 was US $6 billion 580 million and its operating profit was US $1 billion 190 million.

    By the end of 2012, there were 1019, 26 and 2 outlets in the United States, Canada and the United Kingdom, and there were no official authorized stores in China.

    Why do we not cooperate directly with the Wei and the secret company? Instead, we choose to bypass the tactics and join the dealers. < /p >


    < p > for this reason, Yimin group's securities department staff once told the media that Shanghai's wheat division had obtained the right to distribute Victoria's Secret in early 2012. Yimin group was later than them and had to cooperate with Shanghai's wheat division.

    < /p >


    < p > it is worth noting that the Yimin group did not mark the investment amount in the announcement, only saying that "ghe Group intends to invest 35% in cash".

    In this regard, the company's relevant departments responsible person told reporters that the two sides signed a letter of intent, and have not yet carried out investigation and assessment of the cooperation, so there is no specific cooperation amount.

    < /p >


    Less than P, however, Shen Wan once estimated that the Chinese underwear market is more dispersed. If the secret cooperation between the ancient and modern group and Vitoria can enhance the market share, the final sales scale will reach 1 billion 820 million yuan based on the 3% market share calculated in 2014.

    < /p >


    < p > if the above predicted sales volume of 1 billion 820 million yuan can really be realized, then the company's cooperation amount will not be less.

    Imagine that Wei's operating profit in 2013 was 1 billion 190 million US dollars. So, the sale right of Wei MI in China is probably already hot.

    < /p >


    < p > announcement shows that the new joint venture is mainly in the exclusive agency of China, which distributes the underwear brands of Vitoria and Selmark.

    For the investment of the joint venture company, Shanghai's wheat division intends to make a 65% discount after the relevant brand agency and assets appraisal.

    < /p >


    < p > for this reason, some market participants pointed out that the Shanghai wheat division did not appear to invest in gold, but only shares the right of brand agency. However, the ancient and modern group appeared gold. Once there was a problem in the exclusive agency right of the Shanghai wheat division in China, then Shanghai's wheat division had the suspicion of empty handed white wolf.

    The investment of the ancient and modern group will also be wasted.

    As for this cooperation, whether it is suspected of interest pmission or whether the management of the company is cheated by negligence will be a loss for the company.

    < /p >


    < p > a person familiar with the matter told the media that the authorization letter of the so-called "distributor" of Shanghai's wheat is essentially a sales contract dealing with the inventory of tail goods.

    < /p >


    < p > it is noteworthy that according to a reporter's investigation, the chairman of the gimin group, who is preparing to cooperate with Shanghai's wheat division, is also chairman of Yimin group, Yang Chuanhua.

    Well, does Yang Chuanhua know about this? "/p".


    < p > for this reason, the head of relevant departments of Yimin group did not reply directly to the reporters. They just said that they were usually responsible for general operations and vice general managers. The chairman only made the final decision.

    < /p >


    < p > this person said that if the Shanghai wheat really had problems, the company would also find out.

    "After signing the letter of intent, the company will hire a law firm and an accounting firm to conduct investigation and assessment. If there is any problem, the company will find it."

    < /p >


    Yang Zhaoquan, lawyer of Beijing P law firm, explained to reporters that the assessment of intangible assets generally needs to be assessed by accounting firms, especially the authenticity of the power of attorney, which requires notarization of relevant notarial institutions.

    < /p >


    < p > April 21st evening, Yang Chuanhua, chairman of Yimin group, replied to the "Securities Daily" reporter on the above issues. It is aware of the progress of the major projects of the group. At the same time, Yang Chuanhua also said that there will be new developments in the progress of the project. The ancient and modern group will also adjust according to the progress.

    < /p >


    < p > < strong > executives were accused of "nonfeasance" < /strong > < /p >.


    < p > although Yimin group said in the announcement, "the company attaches great importance to the content of the report and urges the group to carry out relevant due diligence as soon as possible", but it is worth noting that no matter whether it is Yimin group or a senior manager of the ancient and modern group of subsidiaries, no one has communicated directly with the headquarters of the secret company in Vitoria.

    From the results of the investigation and interview by reporters, the Yimin group has no idea of contact with the US.

    < /p >


    < p > borrowing company's relevant department head's rule is "at present the company only signed the cooperation intention, is carrying on the investigation stage, at present, has not actually cooperated, has not reached the link with the US aspect."

    < /p >


    < p > this person said that the company would entrust a law firm and an accounting firm to investigate before signing the cooperation book. The result of the current investigation is that the law firm finds that the partner who is about to cooperate will have a lawsuit to fight.

    < /p >


    < p > from the conversation, the reporter found that Yimin group seemed very reassured to hand over the investigation work to the law firm and accounting firm entrusted by the company, but when the reporter doubted whether it was reliable or not, the above-mentioned people expressed "very reassurance".

    < /p >


    < p > it is understood that Yimin group and ancient and modern group commissioned the Shanghai Tianjin Tien Cheng law firm to carry out the due diligence investigation of Shanghai's wheat division. In the due diligence investigation, Jin Tien Cheng law firm found that Vitoria's Secret brand management company recently filed a trademark infringement and unfair competition lawsuit against Shanghai's wheat division. The indictment was (2014) Shanghai one five (know) thirty-third, which was opened in April 8, 2014.

    < /p >


    < p > according to Qian Guofu, director of Yimin group, the two sides have submitted materials to the court, but have not made any investigation.

    < /p >


    < p > for this reason, Yang Zhaoquan believes that if the authorized party denies this authorization, it represents a great risk to the authenticity of the authorization.

    < /p >


    < p > for the Yimin group's free and bold decentralization behavior, some market participants expressed great puzzled and thought that the company executives were "Inaction" in the incident.

    From all aspects of Yimin group's response, the company can only wait for the verdict.

    < /p >


    < p > "only because it will cooperate with Shanghai's wheat is a strategic guideline for the company's external cooperation. If possible, the ancient and modern group will cooperate with many foreign brands."

    Yang Chuanhua said.

    < /p >

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