Baozi Sells Fashion And Clothing Business Is Helpless.

As a result of bad performance, as early as January 2015, Baozi major shareholder proposed privatization.

According to Bao's latest announcement, as of February 25th afternoon, the offeror has received 25 million 900 thousand shares, accounting for about 4.7% of the total issued share capital.

At this point, the offeror and its co operative persons held 297 million baozi shares, representing 53.7% of the total share capital.

Baozi announced that Ports BVI, a wholly-owned subsidiary of the company, agreed to sell the existing Ports HK 6% share of the existing fashion and clothing business to the independent third party in the East Fuhai, a fund management company, with a cash consideration of 180 million yuan.

If there is no significant difference between the results of the due diligence survey of the Oriental Fuhai and the information disclosed by Ports BVI, Ports BVI and the East Fuhai will sign a sales agreement.

According to the sale and purchase agreement, Ports BVI will sell the additional 14% interest to Ports HK at the cash consideration of 420 million yuan.

Therefore, the sale price of 20% is 600 million yuan.

20% the sale will bring about 488 million 600 thousand yuan in profits.

Ports HK basically holds all the existing fashion and apparel business of all companies.

The framework agreement also includes possible sale of the remaining 80% stake in Ports HK.

The sale may be restricted by the introduction of independent third party buyers to Ports BVI by orient Fuhai, and Ports BVI agrees with the detailed terms of the sale in separate trading agreements.

Baozi pointed out that withdrawing from the traditional fashion and apparel business of the company and the strategic focus of the pfer company to the relevant industries that are expected to bring better returns to shareholders, the company is actively exploring the strategic options for expanding its business and looking for other possible investment opportunities.

As of yesterday, no legally binding agreement or investment letter of intent has been signed for any such investment.

Baozhuang group announced its year-round results for the year ended December 31, 2014, the total sales revenue decreased by 12.1% to 1 billion 879 million yuan compared with the same period in 2013.

Gross margin remained at 80.8%.

Profits plunged by 75% to 73 million 200 thousand yuan.

The company said the drop in retail sales was mainly due to weak consumption in China's luxury market.

As of December 31, 2014, the group operated 310 retail stores in mainland China, Hongkong, the United States and Canada, compared with 352 in 2013, compared with 42 in 2013.

Baozi, once a star company on the Hong Kong stock market, was once regarded as the leader of high-end women's clothing.

The company went public at the end of 2003, and its profit rose nearly 390% in the 7 years. During the period, the share price continued to rise sharply, and the share price of the company soared from HK $3 in 2003 to HK $31.5 in 2008.

However, this price has become the highest historical price of baozi.

Since 2010,

The share price began to fall all the way, and at the end of 2014, it fell to HK $2.34.

Correspondingly, the company's performance is declining.

Starting from 2012, the performance of baozi began to decline. In 2013, the profit attributable to shareholders of the company was only 293 million yuan, and dropped to 55 million yuan in the first half of 2014, a sharp decrease of 60% over the same period last year.

Baozi sells all

And clothing business news, its stock price first fell and then rose, the current price rose 7.07%, to 7.12 Hong Kong dollars; traded about 1 million 630 thousand shares, involving 11 million 80 thousand Hong Kong dollars.

The high price of 7.68 yuan is the highest level since August 2012.

According to statistics, there are more than 2 women's clothing enterprises in China.

And sold only in the Shanghai market.

The brand is as high as 1150.

However, the vast market and numerous brands did not breed enough strong leading brands in the Chinese women's clothing industry.

Because of the fierce competition in the industry in recent years and the impact of the electricity supplier, even those who are developing better on the scale, their profitability is not optimistic.