Will Meyer Disappear Completely In The Capital Market?

Will the holding of "big money" completely disappear in the capital market, or will a more powerful clothing brand be achieved?

Meyer issued a notice on the evening of 27 last night, according to the results of the pfer of public property listing procedures and network bidding results, the Construction Bank of Hubei branch in May 24th and China spinning silk road (Tianjin)

Science and Technology Co., Ltd. signed the property rights paction contract, pferring its 79.94% stake in Meyer group to the China spinning silk road, pferring the price to 565 million yuan.

After the completion of the pfer, China Textile and silk road will control 20.39% of the shares of the listed company through the Meyer group, and the solution will become the actual controller of the listed company.

According to the data, Jie Kun was the actual controller of Zhongzhi enterprise group. He served as chairman of the board of directors of Zhongzhi enterprise group from June 2006 to June 2015.

As soon as the news came out, Meyer suddenly became a star of concern in the capital market, because the new large shareholder was not bad at all.

To solve the problem of Zhongzhi Kun's planting system, assets involve multiple financial sectors, including trust, fund, merger and acquisition. The company also has many industrial fields, including new energy, modern agriculture, Internet and other new economic sectors.

It is said that the total assets of the planting department are more than 1 trillion yuan, forming a "industrial empire" with integration of industry and finance.

Zhongji is good at capital operation. The report on equity change report shows that the number of listed companies with more than 5% equity participation has reached 17, while that of Meyer has become eighteenth. It is also the first A share listed company in the real sense of control.

With the "Zhongjia" and the means of capital operation, the capital operation space of Meyer will be daydream. Where will Meyer go?

The essence of "shell" behind the "contradiction" announcement

Meyer's detailed report on equity changes mentioned that the purpose of the pfer of shares is that China Textile and its controlling shareholders are optimistic about the long-term development of the garment industry.

China spinning silk road and its controlling shareholders have long focused on investment management, project investment, enterprise planning and other fields. After this equity change, we will make use of our strong financial strength and rich project operation experience to help Meyer realize the strong promotion of brand and market.

However, in the adjustment plan of the main business of the Sino textile spinning Road, the China spinning silk road has no plans for major adjustment of the main business of the listed company in the next 12 months.

However, in order to enhance the sustainable development ability and profitability of listed companies and improve the quality of assets of listed companies, information disclosure obligations do not rule out the possibility of adjusting their assets and business in the next 12 months or so according to market needs.

Moreover, in the announcement, the China silk spinning road may plan for the sale, merger, joint venture or cooperation with the listed company or its subsidiaries, or the reorganization plan of the listed company to purchase or replace assets.

There may be a bit of doubt about the purpose of the acquisition of stock ownership and the follow-up plan. In the end, is there any doubt whether the planting department should strengthen or enlarge the business of Meyer's clothing? Or will it directly reorganize the sale of the original assets of the company? Combining Meyer as a "significant" status of the first listed company platform with actual control shares, the planting Department holding Meyer should not only make the Meyer dress stronger and bigger, but only a standard form of expression, its real purpose is capital operation, and the great possibility is to put the assets of the Zhongzhi company under the operation of listing, and realize the securitization of its assets.

To put it simply, the middle planting Department holding Meyer is mainly directed at shell resources.

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Clothing industry "shell" haunt

Meyer is likely to become another case of backpacking in the textile and garment industry.

Yuantong Express has borrowed shell.

Dayong created the restructuring plan in the evening of March 22nd. It sold all assets and liabilities to the controlling shareholder of the express delivery group, the dragon group and Yunfeng. It intends to issue a share to all shareholders through the express delivery. The total price will be 17 billion 500 million yuan to buy a 100% stake in the express pass.

After the completion of this major asset reorganization, the control rights of Da Yang will be changed. Yu Weijiao will become the new actual controller of Da Yang creation, the Dragon Group will become the controlling shareholder of the listed company, and the circular express delivery will become a wholly owned subsidiary of the listed company.

The suspension announcement issued by Busen in March 20th showed 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.

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.

Busen's current clothing industry is weak, and its restructuring will be strong. It is still a good shell resource in other emerging industries.

Jiangsu three friends released a reorganization plan in March 25th last year, the company will through big asset replacement, issue shares to buy assets, issue shares to raise matching funds and other trading programs, the United States health 100% equity injection into the listed company.

After the reorganization is completed, the original assets and liabilities are set aside, and Jiangsu three friends will be pformed into one of the leading health examination companies.

After the completion of the reorganization, in January 8, 2016, Jiangsu Sanyou announced that it was renamed "health in the United States".

According to statistics, Wind data show that since 2015, 50 mergers and acquisitions have been carried out in the garment industry, of which 9 listed companies have made an asset replacement, that is, new assets to replace the original textile and clothing assets, including Dayang creation, Jiangsu three friends, Zhejiang Fu run and so on. The restructuring of the image industry includes express delivery, Internet, electricity, medical health and so on.

And clothing companies such as Busen, Meyer, Hinur and so on are expected to have further restructuring plans and wishes.

Opportunities for industrial pformation after "mixed reform"

It is not a very positive energy to take a look at the vertical and horizontal view of the listed enterprises of textile and garment industry. It is revealed that their clothing industry lacks core competitiveness, otherwise the clothing industry will borrow the shell of other industries.

But if there are challenges, there is a chance. We can look at the planting system from a different angle.

The stock of Maer, which is owned by state-owned enterprises, is controlled by private enterprises. It is another example of private capital participating in the mixed reform of state-owned enterprises.

Although the planting system may strip the main garment industry in the future, after all, it is a combination of industry and finance, and still has the gene of industry.

In this way, there are also garment enterprises in the enterprise mode, such as YOUNGOR and Shanshan stock company.

Coincidentally, YOUNGOR's billion dollar stake in CITIC shares last year can also be seen as an example of mixed participation in state-owned enterprises.

The central bank citic shares first introduced the two foreign strategic investors, Zhengda and Itochu, then introduced the private enterprise of YOUNGOR as a central enterprise with better market operation ability and efficiency. We can guess that the central bank took CITIC as a sample of mixed reform of state-owned enterprises, and YOUNGOR participated in it.

In CITIC shares and YOUNGOR cooperation content, also mentioned that YOUNGOR will participate in CITIC's various enterprises in the future.

Through participation in mixed changes, garment enterprises may enter more fields, and the nature of "partial private" will become more mixed.

Behind the "mixed reform", we may have observed a trend: in the capital market of the clothing industry, there will be a new two-way integration process. In the process of private capital going out, state-owned assets or foreign capital come in, the capital composition of the garment industry is more mixed, providing more operational space for the upgrading of the garment industry.

With the advance of supply side reform, the process of mixed reform of state-owned enterprises will further accelerate, or more clothing industry capital will participate in the process of mixed reform.

The combination of traditional industry and finance is deepening.

Whether the clothing industry is active in shell resources, or in the merger and pformation of enterprises such as Zhongzhi and YOUNGOR, these different perspectives point to the same trend: the combination of traditional industries and industries, including the clothing industry, is deepening.

A direct result of deepening the integration of industry and finance is the differentiation of industries.

The integration of industry and finance will accelerate the pformation and integration of traditional industries. In this process, capital and quality resources will speed up "collusion" gathering, and the stronger the stronger, the less competitive entities will be thrown away, or "for others to dress" as a stepping stone for the strong.

Clothing enterprises may become "shells" of others in the future, and they may also achieve cross industry conglomerates.

Quote from the authoritative point of view of "the first quarter of the season": differentiation is the necessity of economic development.

Whether the region, industry or enterprise, part of the "28 laws" differentiation has been "eight" advantages, stand out and bright prospects.

"In economic differentiation, China will continue to emerge more dynamic regions and internationally competitive industries and enterprises, but some areas, industries and enterprises will also get more and more difficult."

In the trend of differentiation, what clothing enterprises should do is to enhance their core competitiveness, conform to the trend of deepening the integration of industry and finance, and become a "strong person" in the era of great economic upheaval.