Hundreds Of Tens Of Millions Of Dollars To Sell Nearly Half Of The Company'S Preschool Company

According to the world clothing shoes and hats net, the last trading day in 2017 was headquartered in Nanjing.

C.banner International Holdings Ltd. (1028.HK)

It announced that it would sell nearly half of the shares of preschool education company half a year ago.

Last week, after five rounds, it announced that it signed an agreement with sinojin International Enterprises Limited (Huijin) and Hongkong Hongxing Cci Capital Ltd to sell their Clear Lead International Limited 3175095 shares or 23% issued shares and 3144725 shares or 22.78% issued share capital respectively.

The cash cost of the two pactions is US $44965000, or HK $351068734 and HK $44534900, or HK $347710685.

In July of this year, the company announced that it had purchased 6319820 shares of Clear Lead, with a total of about HK $79 million 409 thousand, or HK $619 million 800 thousand, representing 45.78% of the issued share capital.

If Target Corp shares are successfully sold, the company will make a net profit of 10 million 91 thousand US dollars in half a year.

According to the announcement, Qian Baidu said that the previous acquisition of Clear Lead was only a minority interest in the company. The sale price was 12.7% higher than the purchase price, and the board thought the paction would bring good returns to the group.

Prior to the takeover announcement, the company said that investment in Clear Lead could further strengthen the group's diversified business, and lay a synergistic effect with the existing retail business.

Considering that China's kindergarten education service industry is significantly benefited from the "two child" policy, target group management, recent financial performance and growth potential, the board of directors is optimistic about Target Corp's business prospects.

By the end of 2015, the company acquired a 255 year old British Toy retailer, Hamleys, at 100 million pounds, or HK $1 billion 190 million 500 thousand, which has become an important step in diversification.

As we all know, China's clothing retail market is rather weak at present.

The market is extremely difficult, and the Belle International Holdings Ltd. 1880.HK (Belle International Holdings Ltd), which will be delisted in July 27th, is a microcosm of the environment.

According to the data, in 2016, the income of retail and wholesale business of the shoe business of the 100 billion group dropped 11.8% to 23.325 yuan (hereinafter referred to as "Yuan"), and the income of footwear manufacturing business decreased by 14.5% to 249 million 300 thousand yuan. Only the 624 million 800 thousand year income of the British toy retail business, which was purchased by the British company, increased by 5.3% to 3 billion 206 million 600 thousand yuan, and the net profit plunged 19.9% to 206 million 300 thousand yuan.

Clear Lead operates the kindergarten education business in Eaton's international education brand in the mainland of China.

According to the official website of Eaton International Education Group, the company was founded by Singaporean Chinese American Vivien (Wang) in 2002. At present, Eaton has 53 direct kindergartens in 17 provinces and cities nationwide, with nearly 2000 teaching staff, and over 10000 children in school.

In addition to kindergarten education, the group also launched Kids Academy preschool partnership platform this year.

In the 2016 fiscal year ending August 31, 2016, the group's pre tax profit was 66 million 580 thousand yuan, representing an increase of 32.2% over the 50 million 361 thousand yuan in the 2015 fiscal year, ending 302 million yuan in gross assets and 75 million 401 thousand yuan in net assets.

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