Business Casual Men'S Nine King Raising 200 Million Bonds To Save Themselves

Yesterday, China's local business casual

"Nine herd king" issued a notice on the listing of corporate bonds.

According to the announcement, the disclosure of information shows that the public issuance of corporate bonds will be issued in installments today, and 200 million bonds will be "blood enriching" to save themselves, with a maturity of three years.

"The garment industry is in the stage of pformation and adjustment. Changes in consumer demand, business models and new technologies will change the competition pattern of the garment industry," said nine Mu Wang.

In the stage of pformation and development, the demand for capital is large, and the proceeds will be used to supplement the company's liquidity.

According to the three quarter earnings report of 2016, the company's operating income decreased by 3.7% compared with the same period last year. The net profit attributable to shareholders of the parent company was 312 million yuan, an increase of 13.01% over the same period last year.

At the same time, with the pformation of terminal retail integration strategy, nine Mu Wang accelerated to adjust and close the company's loss shop. As of September 30, 2016, the number of stores and terminal terminals of the nine Mu Wang was 2780 and 237 stores were closed.

Although net profit has increased, the cash flow generated by the operation of nine Mu Wang has decreased by 157 million 424 thousand and 500 yuan over the same period last year, a decrease of 38.43%.

The main reason is the decrease in operating income during the reporting period,

Goods and services received are reduced by cash.

In addition to last year, nine Mu Wang invested $12 million in the stock market, and the seven wolves also set up Hua Yi Fashion Fund, focusing on investing in lifestyle and consumer culture related lifestyle industries.