Carson International Purchased Wuji Leather Business At A Total Price Of 23 Million 260 Thousand Yuan.

Carson International announced that in November 21st, Zhejiang's wholly owned Affiliated Companies, Carson, and the seller entered into a share spanfer agreement. Accordingly, Carson of Zhejiang has agreed to acquire the full ownership of the Wuji Carson industry to the seller, with a total price of 23 million 260 thousand yuan (about HK $29 million 350 thousand).

In November 21st, Target Corp held 50% and 50% interest respectively from the first seller and the two seller. After the acquisition is completed, Target Corp will be wholly owned by Zhejiang Carson and will become a wholly owned Affiliated Companies of the company.

　　 Target Corp Mainly engaged in leather manufacturing, processing and trading in China.

The company said that, taking into account the latest development of the market, the company believes that the market will become China in the near future. Leatherwear The regional center of manufacturing industry. Therefore, through the use of Apolar The mature leather industry chain of the city and its investment in Target Corp will enable the group to expand beyond the coverage area of the leather manufacturing industry and expand further to the north of China, and optimize the regional and industrial structure of the leather development of the group, thereby contributing to the long-term development of the whole leather manufacturing business of the group.

At the same time, the company pointed out that, according to the existing regulations promulgated by the local government, the Wuji area does not allow the establishment of new enterprises engaged in leather manufacturing business, so the Target Corp has high value in leather manufacturing and related businesses in Wuji area. Therefore, the Group believes that investing in Target Corp is involved in the leather industry of the promise less leather industry.

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According to TUOI TRE NEWS reported on Monday, the United States is likely to overtake the EU as the largest import market for Vietnamese footwear.

Media reports believe that because China's business environment no longer has a competitive advantage, many importers have shifted their orders to Southeast Asian countries, and Vietnam is the most important one.

Vietnamese customs statistics show that footwear products exported to the EU market account for more than 50% of Vietnam's total footwear exports, but last year the figure dropped to 35%. The share of exports to the US market has risen to 33%. Vietnam's total exports of footwear reached $8 billion 300 million last year.

Matt Priest, chairman of the Footwear Distributors and Retailers of America, said that the value of Vietnam's exports to the United States has increased at an annual rate of 20%-21% since 2001.

From January to October this year, Vietnam exported $2 billion 670 million worth of footwear products to the United States, an increase of 22% over the same period last year.

Nguyen Chi Trung, the head of a footwear enterprise in Ho Chi Minh City, said that the company is now close to the goal of exporting 3 million pairs of shoes this year. Hu Zhiming said He also said that now 70% to 80% of shoes were exported to the United States, and in 2013 this figure was only 10%. The United States is our most important export market.

Scott Thomas, the representative of Wolverine World Wide (Inc.), a well-known footwear company in the United States, said that the company's suppliers have changed a lot. In 2007, 81.7% of the supply of footwear came from China, while Vietnam only had 10%. But last year, footwear imports from China dropped to 75% while imports from Vietnam increased to 14.5%. He added that in 2020, the company would import 35% of its footwear from Vietnam and 33% from China.

Insiders say that next year, after the signing of the span Pacific Partnership Agreement (TPP), Vietnam's exports to the United States will grow more rapidly.