Shandong Ruyi Banner "American Lycra Group" Will Visit China Science And Technology Innovation Board.

In June this year, Ruyi group of Shandong held the launching ceremony of the Jining stock exchange's science and technology launch board at the Jining headquarters for its newly established The LycraCo.. It also invited the domestic head broker, Huatai United Securities and XinDa securities as the sponsors and underwriters of the listing.

At the end of January this year, Ruyi Group acquired the clothing and senior fabric business of the American polymer and fiber supplier Invista from KochIndustries, including LYCRA (Lycra) fiber, COOLMAX fiber, THERMOLITE fiber and thermal insulation materials. After the completion of the transaction, Ruyi group set up a new company, Lycra group, which mainly produces elastic fabrics for jeans and yoga wear. Due to regulatory reasons, the $2 billion cross-border acquisition took 15 months from announcement to completion. Through this acquisition, Ruyi group has added about 3000 employees.

In July 22nd, China's science and technology board began trading on the first day, and the first 25 companies rose by an average of 140%. Ruyi group said that as the top brand of the global high-tech fabric industry, the Lycra group has absolute competitiveness in the science and technology innovation board. The Lycra group is the only fabric producing high-end spandex fabric in the world. In this area, it has the most advanced technology, and the total sales volume of spandex is 11%, accounting for 25% of the total.

According to the information released by Ruyi group, the annual sales volume of Lycra group is more than 7 billion 500 million yuan, and the sales of Lycra fiber brand garments is over 1 billion, of which more than 60% come from new products developed in recent years. The Lycra group currently has 5 independent R & D laboratories, 2700 trademarks and more than 1400 patents worldwide.

Ruyi group has acquired a large number of well-known fashion and luxury brands overseas in recent years, including Swiss luxury brand Bally, British windbreaker brand Aquascutum, Hongkong senior men's wear group, Li Bang holdings, and French women's clothing group SMCP (its brand Sandro, Maje, Claudie Pierlot), among which SMCP was listed on the pan European stock exchange in Paris in October 20th.

At present, Ruyi group has 30 fashion and luxury brands in the world, and operates nearly 6000 stores in 81 countries and regions. With the help of Ruyi group, the new fabrics introduced by the Lycra group can achieve mass production in the short term and enhance competitiveness in Asia.

In May, there were reports that Ruyi group worked with Goldman Sachs to study the feasibility of IPO for the Leica group in the US, and estimated that it could raise $500 million.