13.54 Million! This Top 100 Textile Company In China Has Set A Price Of 25.89 Million And Transferred Its 26 Year Old Garment Factory

Shanghai Shenda Textile & amp; Export Co., Ltd. (hereinafter referred to as "Shanghai Shenda Textile & amp; Export Co., Ltd.", a wholly-owned subsidiary of Shanghai Textile & amp; Export Co., Ltd. (hereinafter referred to as "Shanghai Shenda Textile & amp; Export Co., Ltd.", hereinafter referred to as "Shanghai Shenda Textile & amp; Export Co., Ltd." (hereinafter referred to as "Shanghai Shenda Textile & amp; Export Co., Ltd.") announced today (August, 2017) that Shanghai Shenda Textile & amp; Export Co., Ltd. (hereinafter referred to as "Shanghai The company (hereinafter referred to as "Bada textile", hereinafter referred to as "Transferor") and Shenda import and export (hereinafter referred to as "Transferor") transferred 100% equity of Shanghai Lida Garment Co., Ltd. (hereinafter referred to as "Lida Garment Co., Ltd") through Shanghai United Property Exchange. During the listing period, an interested party was finally formed, namely, Shanghai 1233 industry and Trade Co., Ltd. (hereinafter referred to as "1233 industry and trade") 123 industry and trade was transferred with RMB 25892900.

According to the announcement, Lida Garment Co., Ltd. was established on December 17, 1994 with a registered capital of 23 million yuan. Its registered address is located in Chudian village, Liutuan Town, Pudong New Area. Its main business is the manufacturing, processing and sales of needle and shuttle fabrics, clothing, shoes, hats and accessories, and renting its own houses.

Shenda shares said that the company's current main business is the industrial textiles business mainly focusing on automobile interior decoration and new textile materials, as well as foreign trade import and export and domestic trade business dominated by textiles. Since 2010, the ratio of production and sale of lichen has been relatively low. Based on the needs of the company's strategic development, the sale of 100% equity of Lida Garment Co., Ltd. is conducive to the withdrawal of funds, strengthening the development of Shenda's import and export and Bada textile's main business areas. According to the preliminary calculation, the expected disposal income (including tax) of this transfer transaction is about 13.54 million yuan.

According to the public information, Shenda is a diversified listed company mainly engaged in import and export trade, R & D and manufacturing of industrial textiles, and its main business includes industrial textiles business mainly focusing on automobile interior decoration and new textile materials, and import and export trade business based on textiles. The predecessor of the company is Shanghai Shenda textile and Garment Group Company. It was established in December 1986 and was restructured into a joint-stock enterprise in 1992. It was listed on January 7, 1993. It is an export-oriented listed joint stock company first established in Shanghai. It is a cross-border company with a variety of business fields, such as cotton textile, printing and dyeing, clothing, ribbon, industrial textiles, automobile decoration, domestic and foreign trade, and real estate It is a multi-functional and multi-functional enterprise.

As of the first textile network reporter this evening, Shenda shares closed at 5.59 yuan / share, up 3.14%, with a market value of 4.764 billion yuan.