Busen Shares Termination And Excellent Credit Shoot Reorganization Will Return To Clothing Business

A few days ago, on the Internet investor relations interactive platform provided by Shenzhen Securities Information Co., Ltd., Yuan Jianjun, chief financial officer of Busen shares, responded publicly to the reorganization of the company and the company.

He said that as of now, the company has terminated the reorganization of the company.

6 months later, the company will make decisions based on its actual development and whether it will continue to promote restructuring.

It is understood that in July 1st, Zhejiang Busen apparel Limited by Share Ltd issued a notice on the online meeting of major asset reorganization.

According to the announcement, the Zhejiang Busen apparel Limited by Share Ltd and the excellent Mdt InfoTech Ltd (Beijing) Mdt InfoTech Ltd are carrying out negotiations, designing and demonstrating the project, and actively promoting the due diligence, audit and evaluation of a major asset reorganization with relevant intermediary agencies.

That is, Mdt InfoTech Ltd (Beijing) is participating in the reorganization plan of Zhejiang Busen apparel Limited by Share Ltd.

However, due to the great changes in the domestic stock market environment and policies, Busen and the relevant parties believe that the conditions for this major asset reorganization are not mature enough. After careful study, from the perspective of protecting the interests of all shareholders and companies of the listed companies, the parties agreed to discuss and reach agreement with each other, and Busen intends to terminate the major asset restructuring.

After the failure of the reorganization with Busen, the company chose to return to the clothing business.

But Mr. Chen Jianfei, chairman and general manager, said that

At present, the impact of e-commerce is greater, and profits are reduced. Meanwhile, business and price prices continue to rise, personnel wages continue to rise, and the cost of circulation links continues to increase.

To this end, Yuan Jianjun, chief financial officer, added that Busen will continue to integrate and pform existing channels on the basis of previous channel management.

We should focus on strengthening the analysis of the existing business and profitability of the existing direct shops, check out the shops that need to be optimized and closed, and optimize the potential stores, so as to improve the overall management capability of the sales channels.

It is reported that Busen clothing business income in 2015 reached 402 million yuan, down 16.52% compared with the same period last year; net profit attributable to shareholders of listed companies (hereinafter referred to as "net profit") 11 million 500 thousand yuan, an increase of 111.21% over the same period last year, a net loss of 24 million 180 thousand yuan, or 24 million 180 thousand yuan loss, after the deduction of non recurring gains and losses, and the company's net profit for two consecutive years was negative.

Statistics show that Jiang Busen apparel Limited by Share Ltd was founded in 1985, focusing on men's shirts, Western-style clothes, trousers and jackets, T-Shirts, professional wear and so on.

Series products

, development, production and sales.

In 2011, Busen A shares were first published and issued on the Shenzhen stock exchange.