China Clothing Investment Is Expected To Reduce 10% US State Clothing In 6 Months.

Reduction is expected within 6 months.

The material will be cash 1 billion yuan.

Shanghai Metersbonwe apparel Limited by Share Ltd controlling shareholder Shanghai Huafu Investment Co., Ltd. (hereinafter referred to as "China clothing investment") is expected to be reduced within 6 months. The reduction is 10% of the total share capital of the United States.

The actual control of investment in Chinese clothing

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American Apparel says that the investment in Chinese clothing is reduced because of its own business needs.

As of September 22, 2014, China clothing investment held 709 million 400 thousand shares of the United States and apparel, accounting for 70.17% of the total share capital of the United States, and all of which were sold for unlimited sale.

According to public information, Zhou Chengjian, the 49 year old Zhou Chengjian, is also the founder of American Apparel.

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The total share capital of the 1 billion 11 million shares is calculated, and its 10% share is about 100 million shares. In September 22nd, the American bond clothing company closed at 10.48 yuan / share. According to the closing price, Zhou Chengjian could cash about 1 billion yuan in the reduction of the US state dress.

It is worth noting that in September 13th, the US bond clothing announced that it would be one of the two main sponsors to participate in the launching of the first batch of private banks in Shanghai, the "Huarui bank Limited by Share Ltd" (the name of which is the name of the business sector), and the proposed amount of investment will not exceed 750 million yuan (inclusive).

As a matter of fact, the Huarui bank, which had been preparing for a long time ago, had internal changes due to the breakup of the first sponsor, Jun Yao and Fosun, and failed to carry out the preparatory work smoothly with the other three banks.

Subsequently, the United States for the Wenzhou business dress replaced the United States star, and the "Wenzhou brothers" Jun Yao new cooperation.

While actively preparing for private banks, the performance of Smith Barney apparel is declining.

The semi annual 2014 semi annual report revealed that the total operating income in the first half of the year was 2 billion 994 million yuan, down 19.9% from the same period last year, and the main business income was 2 billion 962 million yuan, down 20.11% compared to the same period last year. Net profit was 179 million yuan, down 19.61% compared to the same period last year.

For the decline in performance, the United States apparel said that the new market environment, the company in accordance with the business strategy set at the beginning of the year, in depth to promote Internet pformation and

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The direct management system has made continuous improvement in brand experience, product innovation, channel upgrading and store operation, but the whole has not yet effectively formed resultant force, and the level of management standardization and lean has yet to be improved. At the same time, it has huge potential to join the market, but also faces great challenges. The original franchise management mode has not been able to fully adapt to the new market environment, and the level of management and management is still lagging behind the direct operation system.

The domestic overall retail environment may continue to bear pressure in the second half of the year.

According to the American Apparel, it is expected that the next three quarters will still face downward pressure on performance. It is estimated that in 2014 1-9, net profit attributable to shareholders of listed companies will remain between 210 million yuan and 325 million yuan, down 15% to 45% compared with 383 million yuan in 2013.

In September 22nd, Smith Barney clothing fell 1.13% to 10.48 yuan / share.