Shares Listed For Transfer On Saturday

Recently, the shoe enterprise Saturday Co., Ltd. announced that it would transfer 100% equity of its subsidiary Foshan Saturday Shoes Co., Ltd. (hereinafter referred to as "Saturday shoes") by listing, and the initial transfer price was no less than 602 million yuan.

This means that the former "women's shoes No.1 stock" will completely divest the former main footwear business and turn to social e-commerce business, and the transformation of asset light operation mode on Saturday will be further.

According to the announcement, the transfer reserve price for the first listing is based on the appraisal value of shareholders' equity corresponding to 100% of the shares held by the company on Saturday shoes, with the corresponding transfer payment period not exceeding 12 months. If the first listing transfer fails to solicit qualified intended transferees or fails to conclude the transaction, the above equity will be listed for the second time at a price no less than 80% of the initial listing transfer price, and the corresponding transfer payment period shall not exceed 12 months. If the second listing transfer fails to solicit qualified interested transferees or fails to conclude the transaction, the above equity can be transferred on the basis of no less than the second listing price, and the final transaction mode shall be subject to the situation at that time.

It is understood that Saturday Co., Ltd. is the first shoe company to be listed in A-share market, known as "the first share of women's shoes". Its brands include st & SAT (Saturday), fondberryl (fibriel), SAFIYA (Sophia), Saturday mode, D: fuse (difes), etc. After the sale of shares in the shoe industry on Saturday, the related businesses of the above shoe brands may also be transferred simultaneously.

However, for Saturday, the shoe business has continued to lose money in recent years, and the epidemic has also exacerbated operational difficulties and increased shoe inventory. The social e-commerce business involved in Yuanwang network has a positive impact on revenue. Therefore, abandoning footwear business is also a timely stop loss option.