Youngor: Make Clothes And Build Houses
On September 14, Youngor Group Co., Ltd. issued an announcement on the disposal of equity investment projects.
According to the announcement, from September 8, 2020 to September 14, 2020, Youngor sold 46.8747 million shares of Ningbo bank, with a transaction amount of 1.549 billion yuan, accounting for 5.57% of the audited net assets at the end of 2019, and the net profit was 433.1134 million yuan (not audited), accounting for 10.90% of the audited net profit in 2019.
By the end of September 14, 2020, Youngor had sold 191.8677 million shares of Bank of Ningbo, with transaction amount of 6.378 billion yuan and net profit of 1.8 billion yuan (without audit). The company still held 604.5411 million shares of Bank of Ningbo, accounting for 10.06% of its total share capital.
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