2016 Bosideng Frequently Gets 1 Billion 350 Million Loan Financing.

Recently, Bosideng (03998, HK), the brand operator of domestic down garment brand, has been acting frequently.

Following the announcement in December 30, 2015 that it signed a contract with the SMARTF&D company to set up a school uniform company, in the evening of January 8, 2016, Bosideng announced that it received a total of 24 billion yen (1 billion 350 million yuan) of unsecured loan financing, which was indirectly owned by Chairman Gao Dekang, and the composite annual interest rate was 2.5 percentage points.

The announcement also shows that Gao Dekang will pfer 2 billion 10 million of the company's holdings to the new company, while Ying Xin will issue preferred shares to ICInternationalCompanyLimited (a company jointly established by Affiliated Companies and Citic International Assets Management Limited (CIAM)), with a total cost of 30 billion yen (about 1 billion 680 million yuan), and most of the proceeds from the subscription of preferred shares will be used to advance the loan granted by Munami Jito.

For this financing, in the mail to reporters, Gao Dekang, chairman of Bosideng, said: "we believe that this loan will further strengthen the company's financial position, and our company will look for new opportunities to enhance our group's financial position.

Business.

"In addition, Itou Tada group and CIAM will make full use of their rich international resources to provide our group with comprehensive support, which is believed to help enhance our competitiveness."

It is understood that Itochu is a leading trading company in the world, and is the first consortium of Japanese consortia, the six largest consortium.

CITIC International Asset Management is a member of Citic Group Inc in China.

In April 2015, Bosideng announced a high-profile cooperation agreement with the two strategic investors as the world's top 500.

At that time, the ITCSPC jointly established by Itou Tada group Affiliated Companies and CITIC Securities's Jinshi investment will be indirectly invested wholly by NewSurplus (Bosideng chairman Gao Dekang), and a subscription agreement with Bosideng will be made.

Bosideng said that after the subscription, the group will make full use of the proceeds from subscriptions to further develop its core business, and plan to introduce new brands and strengthen the business beyond feather and down business.

Indeed, in

Bosideng is looking for many new opportunities besides clothing business.

Following the earlier layout of women's wear and men's wear, Bosideng announced the establishment of a school uniform company with SMARTF&D company in Korea to jointly develop the school uniform market in China.

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Bosideng's performance is not beautiful.

The mid term performance report released in December 2015 showed that because of the off-season sales in the first half of the year, the sales of the down garments were not very beautiful during the period of the off-season sales. The income of the brand down clothing business and OEM processing business was 1 billion 211 million yuan and 960 million yuan respectively, down 14.6% and 5.1% respectively.

By contrast, by the middle of September 30th, the income of the non down garment business was 393 million yuan, although it also fell by 6.4% compared to the same period last year. However, compared to last year, its Jesse dress and its own part were also

Men's performance is relatively prominent.

Among them, Jesse women's clothing achieved 158 million yuan in the reporting period, an increase of 18.8% compared with the same period last year, and the number of stores increased to 216.

At present, Bosideng is still in its so-called retail pformation.

Bosideng told reporters earlier that it will also actively seek new business and opportunities for external cooperation, including the introduction of strategic investors to help and enhance the group's business, so as to further enhance our group's strength in operation, management and acquisition and merger.

The chief financial officer of Bosideng, Mai Yun Quan, told reporters in a telephone interview that Bosideng's goal is to become a multi brand integrated apparel operator.

In terms of brand development, the future goal is to increase the proportion of non down garment business.