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    02098.HK:3600 HK $10000 Purchasing Chairman Online Textile Raw Materials Sales Business

    2019/11/13 11:40:00 0

    Zhuo Zhi LianTextile StocksThe Latest Announcement

    The total cost of Zhuo Zhi Lian (02098) is about 30 million 964 thousand yuan (RMB). The same below (about HK $36 million) to the chairman and controlling shareholder Yan Zhi purchased all the shares of Hua Mian (Taicang), which is engaged in online sales of textile raw materials.

    The group pointed out that China Cotton store (Taicang) was also engaged in warehousing services and distribution of cotton raw materials and products. Since last June 21st to the end of last year, it has gained about 619 million yuan, a net profit of about 433 thousand yuan after tax, and a net asset value of about 30 million 430 thousand yuan. The acquisition can enhance its existing business, especially in the field of textile and electricity business and trade services, and expand customer base and promote long-term growth.

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