Fujian Shoe Clothing Enterprise Boss Runs "Scared" Bank

Fujian

The boss of the enterprise scared the bank.

Since the news of the loss of chairman Ding Hui of Fujian Province, the company's stock price has dropped continuously. After that, the company announced that it had already called the police.

Now, the loan to the bank and the difficulty of funds being pferred ahead of time is a problem for the local banks. For this reason, there is an analysis of the insiders. The failure of the boss's loss will trigger the local credit crisis in Fujian.

Capital chain break

Ding Hui, chairman of the group, lost contact with the company in July 25th, and announced that the chairman of the company lost contact with Ding Hui.

Since then, the board of directors of Hongkong announced that in January 27th and April 3rd this year, Ding Hui had instructed the company's wholly owned Affiliated Companies in Hongkong to pfer accounts of RMB 50 million yuan and 19 million 550 thousand Hong Kong dollars to the Bank of a British Virgin Islands company in the bank account of Bank of communications Hongkong branch, and in January 27th and March 11th this year, Ding Hui has instructed the 160 million yuan and 2 million 500 thousand yuan of the bank accounts of the Hongkong Bank branch of the Bank of communications to pfer to the bank account of Xiamen international bank.

This means that Ding Hui pferred four yuan to 228 million yuan from January to April.

Although he said he had called the police, he still could not appease the creditors of the company.

In August 19th, a notice was announced that the company and its Affiliated Companies received the notice from Xiamen international bank, Minsheng Bank and Shandong trust, which alleged that noch had secured loans or mortgage-backed securities for more than 455 million members of non group members, and three financial institutions all required repayment in advance.

However, the industry generally believed that Ding Hui and his wife Chen Ruiying had fled Hongkong, and the total number of two borrowers totaled more than 1 billion 500 million yuan.

Quanzhou

Shi Zhengzhi, Deputy Secretary General of the textile chamber of Commerce, said in an interview with the media that it was indeed a "broken" factor that forced "go".

Shi Zhengzhi believes that from the perspective of the development of the industry, the development of the way of thinking is not wrong.

"Odd" is a commercial brand, the company itself has no factory, belongs to light assets operation.

However, the short board of the odd is that there is no accumulation process of primitive funds.

"The right way, the market has also been done, that is, the cost of capital is too big for the business."

"Boss running" triggering credit crisis

After the exposure of the boss's running incident, bank lending and private lending in Fujian and even Quanzhou have become extremely cautious.

It is understood that there are local small loan companies began to adjust the scope of business as "only mortgage, not guarantee", and mortgage, have to make a lot of discount.

Even if the mortgage is valued, it is the cash flow of enterprises.

This credit crisis is not only in private lending, but also in local banks in Fujian.

It has been reported that the banking industry in Fujian has become increasingly nervous as more and more bosses lose contact with the company.

A large number of local banks were suspended and removed from office and interviewed by the banking regulatory authorities.

Moreover, banks are looking at enterprises with risks.

Some local business owners said that some banks have made it clear that the loan volume of the textile and garment industry should be tightened.

"If there is no money to catch up with, there are still some enterprises to reverse."

It is reported that recently, the Quanzhou economic and Technological Development Zone Management Committee specially convened the relevant coordination committee for the loss of related events through the trade associations to soothe the enterprises in the park to avoid the recurrence of similar incidents.

The executives of Quanzhou listed companies revealed to the media that the key message conveyed by this conference is that the owners of enterprises who want to cash in difficulties are not allowed to make such moves as those of the local union. They have difficulty in presenting them to the relevant chambers of Commerce, and the chamber of Commerce will help them coordinate their solution.

Behind the chamber of commerce is actually the Quanzhou economic and Technological Development Zone Administrative Committee.

Industry shuffle

Originally, the clothing industry has already been in a state of shortage of funds. If enterprises are again affected by the credit crisis, we believe that some enterprises with insufficient funds will still face the end of bankruptcy.

The key road sports consulting company CEO Zhang Qing said that the former simple and crude growth mode of the garment industry has been lagging behind. After the wave of the sand, the enterprises must have precise brand positioning and meticulous management and control.

Looking back to the rise of garment industry in Fujian province from the middle of 80s to the middle of 90s, OEM was the main garment company at that time.

Since then, the garment industry cluster of Fujian province has also formed, and the whole industrial chain has formed from raw materials to processing and warehousing.

The famous brands in Fujian, such as Anta (Anta store) and PEAK, started at this stage.

However, due to the homogenization of products and other reasons, first of all, Lining (Lining store), Anta, PEAK and other sports brands were hit.

Following the large-scale closure of the sports brand, the men's clothing brand headed by the seven wolves (seven wolf store) also ushered in a new batch of shop closes.

According to the announcement of seven wolves, in 2013, the company closed 505 stores, and thereafter, in the first half of 2014, the company announced another 347 outlets.

According to the seven wolves daily report, as of June 30, 2014, the number of terminal channels for the seven wolf wolves was 3155, while in the end of 2013, there were 3502 terminal channels.

According to the results of the report, seven wolves sold 1 billion 23 million yuan in the first half of this year, a decrease of 28.07% compared with the same period last year, a net profit of 151 million yuan, a decrease of 41.02% compared to the same period last year, and a 195 million yuan sales fee, a decrease of 3.43% over the same period last year.

The company said that during the reporting period, it will continue to integrate terminal stores that lack profitability.

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The current situation, insiders analysis, industry shuffle is inevitable.