Wicknus Intends To Sell Treasure International Stock, Which Is Expected To Increase HK $180 Million.

Vigna S announced in the evening of June 8th, the company through the Warburg trust holds treasure international 7.9% shares.

The proposer proposes to privatize Bao Guo international with HK $4.1 / share.

The local high-end fashion women's clothing brand, Vigna S fashion Limited by Share Ltd (hereinafter referred to as "Vig Nash"), announced today (June 8th) evening that the company is currently holding the 20-3 phase QDII single fund trust of the 2 series of Warburg overseas market investment (hereinafter referred to as "Huabao trust") to hold the 43 million 869 thousand stock of the stock exchange of Hongkong Stock Exchange (hereinafter referred to as "Bao Guo international"), accounting for 7.9% of the internationally issued share capital of the stock.

BluestoneGlobalHoldingsLimited (hereinafter referred to as the "proposer") proposes to privatize Bao Guo international at the price of HK $4.1 per share according to the agreement.

In response to the above proposal, the company made an irrevocable undertaking and promised to vote in favour of the agreement arrangement at the court meeting.

If this paction happens, according to the price arranged by the agreement, Wien Nash expects to sell the treasure international stock income through the Warburg trust to total HK $180 million.

BluestoneGlobalHoldingsLimited is a British Virgin Islands incorporated company, Invest-holding Company.

Mr. Kenneth Chan (Chairman and executive director of Bao Guo) has 50% indirect and eventual benefits, and Mr. Chen Hanjie (Mr. Kenneth Chan's brother) has 50% indirect benefits.

According to public information, Bao International listed on the main board of the stock exchange. As of December 31, 2017, the revenue of Po international was RMB 2 billion 243 million yuan, with a total profit of 166 million yuan, and the net profit attributable to shareholders of the international listed company was 56 million 885 thousand yuan.

Bao Guo international resumed its trading today and then offered a privatization offer. Its share price was 46.1% higher, closing at HK $3.86, or 41.39%. It traded at HK $7 million 840 thousand and its market value was HK $2 billion 140 million.

According to public information, Baoguo international, formerly known as Ports Design Ltd, was founded by Canadian LukeTanabe in 1961 in the Canadian port city of Toronto. It mainly designs, manufactures and distributes fashion apparel for men and women, and sells accessories for shoes, handbags, scarves and perfume in mainland China and Hongkong.

Vigna S was founded in 1997 as a front-end brand of China's high-end women's clothing. The company's main business is the design, production and sale of high-end women's clothing. Its main products are "V GR SS" brand clothing and accessories.

The company converged on the excellent design team and always adhered to the independent R & D design. It was based on the high quality fabric, exquisite workmanship, and self cultivation profile, and the core concept of "fashion and self-cultivation" as the core of the brand, creating beauty and spreading fashion.

Vigna S's Limited by Share Ltd, which was changed by Nanjing strong grass Fashion Industrial Co., Ltd., was founded by VGRASS. It inherited all the assets of Nanjing strong grass and had an independent and complete business system.

As of 2017, the top three shareholders of the company were Wang Zhiqin, Song Yanjun and Shanghai financial development investment fund (limited partnership), which occupied 31.73%, 24.78% and 4.03% of the company's shares respectively, and the company's shares were relatively concentrated.

Wenger owns three brands: "VGRASS", "Yuan Qian" and "TEENIEWEENIE" to complete the layout of women's clothing category in Pyramid.

Company's main brand VGRASS as the domestic high-end line

Brand at home

It has been operating for nearly 20 years, covering all the first tier cities, provincial capitals and key second tier cities in China, and has been stationed in competitive high-end shopping centers and department stores.

In 2015 and 2017, the company acquired TEENIEWEENIE brand of Nanjing Yun Brocade Research Institute Limited and Korea clothing group.

At present, the multi brand three-dimensional layout of the company is initially formed.

In 2017, the company achieved an operating income of 2 billion 564 million yuan, an increase of 244.5% over the same period last year, and realized a net profit of 189 million yuan, an increase of 89.32% over the same period last year.

The significant increase in revenues and profits is mainly due to the impact of the company's March combined schedule. In 2017, VGRASS, TEENIEWEENIE and Yuan Yuan accounted for 30.96%, 68.18% and 0.86% respectively. The growth trend of the main brand VGRASS was established, and the TEENIEWEENIE contributed the most to the main business income, helping to improve the company's performance.

Yao Yongxu, a Securities researcher in the west, said that the gross profit margin of wnnasse showed an overall upward trend and maintained a high level in the industry.

The gross profit margin of the company showed an overall upward trend, reaching 71.05% in 2014, and a slight decrease thereafter.

Gross profit margin for sales in 2017 was 69.69%, a slight decrease of 0.55 percentage points compared to 2016.

Among them, the gross profit margin of VGRASS brand was 70.17%, down 0.19 percentage points compared to the same period last year. The Yuan Yuan gross profit margin was 69.87%, an increase of 0.8 percentage points compared to the same period last year. The gross profit margin of TEENIEWEENIE brand was 69.52%, an increase of 2.17 percentage points compared with the same period last year.

Yao Yongxu believes that VGRASS's main brand has been constantly filing merchandise for the past three years. It has international high-end design team resources and independent production and processing plants, and has created a fast response excellent supply chain team. On the one hand, Yun Brocade can cooperate with VGRASS's international design team, share resources with VGRASS high-end fabrics and production technology, and implement the brand of "commodity upgrading".

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On the other hand, during the reporting period, the VGRASS main brand opened 6 new stores in the high-end shopping malls of the first tier city's core business district, such as Beijing SKP, Nanjing De Ji and Shenzhen Yitian holidays.

Rich channel resources can lay a solid foundation for the future "yuan first" brand to enter high-end shopping malls.

On the whole, Yuan Yuan will expand the space and the future development can be expected.