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    George White's Acquisition Of Hao Xiang Clothing Suspected Of Concealing Ties

    2014/11/24 16:04:00 39

    George WhiteAcquisitionHao Xiang Clothing

    Here world Clothing and shoes The Xiaobian of the network introduces George White's acquisition of Hao Xiang clothing, which is suspected of concealing the relationship.

    Georges white (002687, closing price 11.81 yuan) announced in November 20th that the company intends to buy 60% stake in Qujing Hao Xiang Clothing Co., Ltd. (hereinafter referred to as Hao Xiang clothing). The company said the investment does not involve related spanactions.

    However, a reporter's investigation found that Lin and Wang were very well established. One of the shareholders of the Qujing and Yuan Real Estate Company Limited (hereinafter referred to as "Yuan Yuan") is Chen Liangren, one of the real controllers of George White. In addition, for Hao Xiang costumes, Qujing economic and Technological Development Zone propaganda information center staff told reporters, "George White should have arrived in the Development Zone in 2011. George White has only developed a project in Qujing Development Zone, Hao Xiang.

    Hao Xiang clothing is in a loss.

    Georges white announced in November 20th that the company has signed an agreement on equity spanfer agreement with Lin Wang Wang. The company intends to invest no more than 50 million yuan, and acquire 60% stake in Hao Xiang clothing held by Lin. Georges white intends to pay the share purchase and spanfer payment with its own funds. After the agreement comes into effect, it will pay 30 million yuan as a deposit for Lin.

    Georges White said in the announcement that the intent agreement was signed by the company's development strategy based on professional wear and retail supplement and future capacity spanfer to China's central and western regions.

    George White's net profit in 2013 was 65 million 469 thousand and 400 yuan, and the net profit in the first half of this year was 38 million 32 thousand and 900 yuan. The equity buyout is not a small sum for George White. According to the announcement, Hao Xiang clothing was established in March 2013 with a registered capital of 50 million yuan, with a total assets of 185 million yuan as of August 31, 2014 and a net assets of 36 million 604 thousand and 700 yuan. In the first 8 months of this year, the operating income was 24 million 435 thousand and 700 yuan, with a net profit of -1180.78 yuan (Unaudited). Why did George White use 50 million to buy a company that is losing money?

    Lin Shouwang and "George White" frequently intersect.

    In the announcement, George White said that the acquisition did not involve related spanactions, and Lin had nothing to do with the company. However, the reporter has noticed that Lin Shouwang and Hao Xiang costumes seem to have a complicated relationship with George White.

    Lin Shouwang's shareholding and source estate was named Qujing Georges white estate limited before May 2013. Georges white house was a subsidiary of Pingyang County Georges White House Limited (hereinafter referred to as Pingyang county), and in August 2011, Pingyang county's George White estate quit. In April 2011, before George White's exit from George White in Pingyang, Chen Liangren, a natural person, became the shareholder of George White, and Chen Liangren was one of the real controllers of the listed company.

    However, the relationship between George White and Lin Chao Wang and George Bai seems to be more than that. In January 2, 2014, a Yunnan Daily's report entitled "world famous brand George White" joins "Qujing made" report: "recently, the news of the world famous brand clothing white garment production line is about to go into operation. In the new industrial demonstration garden of Qujing Development Zone, Qujing Georges white Clothing Co., Ltd. launched 58 acres of land, built a 60 thousand square meter standard workshop, and completed a series of supporting facilities such as office buildings, swimming pools, auxiliary rooms, and so on, and implemented the concept of 200 thousand sets of top quality suits and 1 million top liners. Lin Shouwang also appeared in this report, "Lin Shouwang, general manager of Georges White House Limited, praised Qujing's development zone as a promising treasure making place, saying that Georges white should become a benchmark enterprise for the spanfer of Eastern industries."

    From the above report, we can see that George Bai is building an annual production of 200 thousand high-end suits and 1 million high-end shirts in Qujing. However, in another report, this project has become a project of George White, and Lin has become the general manager of the project.

    In October 17, 2013, the Yunnan radio and TV station "Qujing speed" report of "the Qujing speed", which was built by the Qujing radio and TV station, was also built in the Xicheng Industrial Park. The annual production of 200 thousand sets of high-grade suits and 1 million high-grade shirts were completed, and 600 skilled workers were coming to work after the Spring Festival. Lin Shouwang, the general manager of the project, the municipal government, including the Development Zone, is very supportive to us. We want to see the investment attraction in our coastal area.

    The content of the above report is doubting: what is the relationship between Lin Shouwang and George White and the listed company George White?

    Reporters continued investigation found that not only Georges White House, Lin Shouwang and Georges white relationship between people wondering, even this George Bai to buy Hao Xiang. Clothes & Accessories The relationship with George White is also not simple.

    In May of this year, the people's Daily published a report. "Li Jiang was accompanied by the deputy leader of the Qujing Municipal Committee and mayor Fan Hua, and went deep into Qujing Hao Xiang Clothing Co., Ltd. and Qujing Bo Hao Biotechnology Co., Ltd. to supervise the construction of Georges white dress project and marigold industrialization deep processing base project." In December 13, 2013, Qujing news television reported that "Qujing City Planning Bureau has heard the construction plan adjustment of Qujing Hao Xiang Garments Co., Ltd.". In the video of this report, the name "Hao Xiang Garments Co., Ltd." marked the original Qujing Georges white in the form of brackets. Which George White is George White?

    Reporters call Qujing economic and technological Area for development The propaganda information center asked the staff whether there were any investment projects in the development zone. The staff told reporters, "most people call him George White, but his name is Hao Xiang clothing." At the same time, the staff said, "George White should have arrived in the Development Zone in 2011. George White has only developed a project in Qujing Development Zone, Hao Xiang.

    In order to understand the relationship between Hao Xiang, George Bai and Lin Wang Wang, the reporter called George Bhai Don to make a secret call, but he did not get in touch with it. 11-24 01:02:00 source: daily economic news 6

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