The Flow Of Capital In The Garment Industry Is Surging: Restructuring And Backpacking.

The two tier market of capital is becoming more and more serious, such as the reorganization of the backdoor, the change of the main business, the increase and reduction of industrial capital, and the repurchase of placards.

The main business of backdoor shell is changed, and garment enterprises are frequently reorganized.

Dayang created the restructuring plan in the evening of March 22nd. It intends to achieve all the assets and liabilities through a series of pactions in the sale of major assets, the issuance of shares to buy assets and the collection of matching funds.

The overall price of the latter is 17 billion 500 million yuan.

After the paction is completed,

The actual controller Yu Huijiao and Zhang Xiaojuan will become the actual controller of the company.

Since the beginning of this year, backdoor listing has become a hot trend. According to statistics, more than 20 companies have issued relevant announcements on backdoor listing this year.

The suspension of strategic emerging boards and the introduction of registration system have increased the value of shell resources.

Dayang's creation was backlash, and it was "stared" by the express industry capital. The industry capital of express industry needed to be quickly integrated through the capital market.

Prior to this, STO announced that the 16 billion 900 million backdoor A will be landed on the A-share market.

A shares are also listed.

While deciding to sell shell, Da Yang did not explicitly announce that he wanted to withdraw from the garment industry. Instead, he had a series of investment actions in the clothing industry, and announced that he should focus on the domestic market.

In March 16th, the founder of Da Yang announced the opening of the "Yang Yang custom-made" China strategy, with the goal of reaching 500 thousand sets of suits in five years.

Turning to the restructuring, Hu Dongmei, general manager of Dayang creation, general manager of Dayang Refco Group Ltd, said in a media interview that at present, the listing does not have much significance for productive enterprises.

In the future, we have plans to list overseas or separate the customized businesses.

At the end of February, Da Yang announced that he would invest in an Internet in Canada.

Indochino, the first of its kind, is one of the world's largest customized menswear brands. It has invested 21% US $30 million in the past three years.

Like the founder of Da Yang, Busen shares are currently in the stage of restructuring and suspension.

Compared with the creation of Da Yang, Busen shares can be regarded as a "restructuring specialist" in the garment industry. In the past three years, Busen shares have been restructured for three times, and the first two times have been reported to fail.

The first reorganization was falsification due to Hong Wah agricultural financial data of the target company. The introduction of Rui Fei assets by the second reorganization was frustrated by the securities and Futures Commission's investigation into the acquisition of Hong Wah's agricultural case.

Creation of Da Yang

In February 29th this year, the company announced that it received the "administrative penalty decision" issued by the SFC, declaring that the investigation and trial of "Hong Wah's agricultural fraud" by the backdoor party was terminated.

In March 20th, the company issued a suspension notice showing that the company was reorganizing negotiations with the trade targets of the downstream industry of the automobile industry chain and the online game industry, and began a new round of restructuring plans.

Similar to the creation of Da Yang, Busen shares did not explicitly announce the abandonment of the garment industry.

At the performance note meeting held in March 24th, Busen shares said Future Ltd will continue to increase investment in e-commerce business and find new business growth points.

The 2015 annual report of Busen shares shows that in 2015, the company achieved a total revenue of 402 million yuan, down 16.52% from the same period last year, and realized a net profit of 11 million 504 thousand and 100 yuan, an increase of 111.21% over the same period last year.

The main reason for the sharp rise in profits is that the company pferred all the shares of its wholly owned subsidiary, Zhuji Busen Investment Co., Ltd. to Busen Group Co., Ltd. in 2015, and the paction generated a profit of 45 million 383 thousand and 700 yuan, thus making the net profit of the Company attributable to shareholders of the listed company increased year after year.

From this point of view, Busen's main garment industry is still weak, and has a strong desire to restructure. It is still a good shell resource in other emerging industries.

Unlike dyang creation and Busen shares, Kaiser shares, known as "the first stock of Chinese women's clothing", are internally reorganized and announced that they will withdraw from the garment industry.

In March 14th, Kaiser issued a notice that it would adopt the mode of brand authorized operation for garment business, and gradually withdraw from the garment industry. The company's industry ownership will also be pformed from the textile industry to the cultural and entertainment industry.

In the announcement, Kaiser shares said that the growth rate of textile and garment industry has declined significantly in recent years, and Kaiser's apparel is positioned at a high end, and the business situation is even more grim.

In 2013, Kaiser's operating income was 506 million yuan, down 4.75% compared with the same period last year. Net profit attributable to the owners of the parent company was 25 million 400 thousand and 200 yuan, down 31.92% from the same period last year.

In 2014, the company achieved an operating income of 542 million yuan, an increase of 6.94% over the same period, and a net profit of 6 million 564 thousand yuan attributable to the owners of the parent company, down 74.16% from the same period last year.

In this case, Kaiser shares aimed at the new business: the online game industry.

In March 2015, the company invested 750 million yuan to acquire 100% stake in Shenzhen cool cow Interactive Technology Co., Ltd., which is engaged in the R & D and operation of the game. In April of the same year, Kaiser shares invested 540 million yuan to acquire the Hangzhou magic Technology Co., Ltd., which has IP resources. In the second half of 2015, the company acquired the Sichuan Tian Jia Jia Network Technology Co., Ltd. with a total purchase of 1 billion 215 million yuan.

After announcing its withdrawal from the garment industry, it announced in March 22nd that it was authorized to cooperate with Tencent anime IP. The total amount of authorized IP involved in "cooperation IP" was 100 million yuan.

Industrial capital increase fiercely, clothing companies "bottom" admission

From March 15th to March 22nd, in a week's time, YOUNGOR issued 5 consecutive announcements on controlling shareholder's holdings of company shares and 4 consecutive holdings of YOUNGOR shares.

In March 15th, it increased 3 million 800 thousand shares, accounted for 0.17% of the total share capital of the company, increased 4318395 shares in March 18th, increased 11 million 100 thousand shares in March 21st, and increased 11957665 shares in March 22nd.

A total of 31 million 176 thousand and 100 shares of the company were accumulated in a week, and the total increase was 459 million yuan.

Prior to the increase, YOUNGOR was promoted by the capital of its apparel industry.

In March 9th, YOUNGOR announced that Yao Jianhua and Zhu Chongyun used five accounts together, holding a total of 113 million shares of YOUNGOR shares, accounting for 5.07% of the total share capital of the company, and became the second largest shareholder.

Zhu Chongyun is the founder of Shenzhen women's clothing brand Mass Phil.

It has been observed that since the second half of 2015, Yao Jianhua and his wife have continued to increase their holdings of YOUNGOR. According to the data, as of September 30, 2015, the shareholding ratio of Yao Jianhua and Zhu Chongyun rose to 4.03%. From the fourth quarter of 2015 to March 8, 2016, Yao Jianhua and his colleagues increased their holdings again, holding 5.07% of their shares, and reached the placards in one fell swoop.

Recently, there are more than one YOUNGOR company that has increased movement or plans.

According to the February 26th announcement, based on the confidence in the company's future development prospects and the recognition of the intrinsic value of the company, the 6 directors and senior executives of Zhou Jianping, director and general manager Gu Dongsheng of the company plan to increase their holdings from two to 6 months in the 6 months from March 1, 2016. The total number of shares held by the group should be no less than 100 million shares, not less than 30 million shares.

Hai Lan's home issued a notice on the progress of its holdings in March 18th. The directors and executives of the company participating in the increase plan from March 1, 2016 to March 18th increased the holdings of the company's shares through the two tier market, totaling 15 million 10 thousand and 400 shares, accounting for 0.33% of the total share capital of the company, accounting for 50.03% of the lower limit of the increase plan.

Red beans announced in the evening of January 6th, the company's controlling shareholder red bean group and its concerted action between July 6, 2015 and January 6, 2016, the total holdings of 7 million 104 thousand and 700 shares of the company, accounting for 0.998% of the total share capital of the company, has completed the plan to increase holdings.

In addition, since the second half of last year, there have been additional actions such as the song, song, and so on.

In addition, the Pathfinder issued a notice in January 14th that Sheng Faqiang, the chairman of the company, believed that the current share price of the company was lower than the intrinsic value of the company. In order to express its confidence in the company's long-term development, the chairman voluntarily promised to reduce the shares of the company within one year (from January 14, 2016 to January 13, 2017), and at the performance briefing meeting at the beginning of March, he also said that there was no plan to reduce the company's stock during the year. If there was a reduction in the future, it would also be a personal financial arrangement rather than a strong confidence in the development of the company.

Since the second half of last year, industrial capital and major shareholders have issued more and more announcements on the two tier A share market, which is in sharp contrast to the reduction of major shareholders before the stock market adjustment.

Since 2016, the increase of industrial capital has become more and more serious.

It is observed that in March, industrial capital holdings were more concentrated in brokerage, textile and clothing, commerce and trade, electrical equipment and other industries.

There are various reasons behind the increase of large shareholders, and one of the important reasons is that industrial capital tends to have a more sensitive sense of smell, optimistic about the intrinsic value of the company and giving investors confidence.

The survival of the fittest behind the undercurrents

In recent capital markets, there are two other noteworthy issues besides registered system and strategic emerging board hovering.

First, in March 18th, Beijing gem set up the gem to be a successful Polytron Technologies Inc.

Wan Ji technology will be most concerned about its financial indicators.

Data show that compared with 2013, Wan Ji Technology 2014 operating profit, gross profit, net profit three data, the decline rate reached 84.61%, 75.54% and 75.80% respectively, its first half of 2015 performance is also unsatisfactory.

A company with a serious decline in performance can also succeed, highlighting the quietly changing IPO threshold, which can be seen as pave the way for registration.

The core of registration system is information disclosure, not just the "growth" of enterprises.

The other thing is that in March 21st, the Shanghai Stock Exchange issued a notice that it decided to terminate the listing of Zhuhai Boyuan investment Limited by Share Ltd stock.

*ST Bo Yuan became the first company in the stock market to terminate the listing due to a major information disclosure violation.

These two things reflect that the registration system reform is still going on steadily and will eventually land.

The significance of registration system lies in "wide" entry into "strict", guiding investors to pay attention to the intrinsic value of the company, paying attention to long-term investment, listing companies from storytelling to returning to fundamentals, and making a real market value management.

Capital market will also have more capital to participate in the operation of competition, so that the market will truly survive the fittest.

Since the beginning of the year, the two tier market of clothing capital has intensified the restructuring of the backdoor, the main industry changes and exit, as well as the increase and reduction of industrial capital, and the repurchase of placards.

The capital market will accelerate the reconstruction and upgrading of the garment industry, and the new king will rise, while others will leave behind.