Qingdao Double Star: Stripped Shoe Industry Turns To Tire.

Qingdao double star, a well-known name in the Chinese shoe making industry, Wang Hai, is also a figure in China's shoe making industry. He and the important information processing played by the two stars in China's shoemaking industry and even the world's shoe making industry all have eyes to see.

However, a few days ago, reporters learned from the parties concerned that the two star group will divestiture its own "old bank" - shoemaking industry and the main business of the company, and the group will shift its main business to the tire.

In October 12th, the Qingdao double star footwear business asset pfer project was officially listed on the Qingdao property rights exchange to fulfill the procedures of "recruiting, photographing and hanging".

Publicity time as of November 8th.

It is understood that the Qingdao Double Star shoe business assets will be pferred to the Qingdao Double Star Industrial Limited by Share Ltd (hereinafter referred to as "celebrity industry"), "now only to fulfill the procedural problems."

According to the design of Qingdao SASAC, the implementation process of asset pfer of Qingdao double star shoe-making business is "in line with the overall reform of celebrities in the process of implementation."

Since entering the tire industry in 2000, Qingdao Binxing has invested nearly 1 billion yuan in the development of the tire industry.

And the asset pfer of shoemaking business will further clarify its main business.

At present, the shoe making business is about 10% of its main business.

11, the China Rubber Industry Association tire Association said to the newspaper on this day that the double star tire business was of a general scale. After the acquisition of Dongfeng tires, the position of the twin star enterprises increased significantly, and entered the top ten, especially the all steel radial tire, and reclaimed "China's famous brand products".

Double Star Group's current revenue and profits mainly come from Qingdao's Twin Star tire industry.

In the first half of this year, the company completed its operating income of more than 2 billion yuan, and the operating income of tires exceeded 1 billion 700 million yuan, an increase of 43.33% over the same period last year.

The sales revenue of footwear products reached 160 million yuan, down 1.15% compared with the same period last year.

The celebrity industry, established in September 16, 2002, is a bilateral trading partner of Qingdao's twin star. It belongs to the parent company's Twin Star Group. It is a Limited by Share Ltd jointly established by the Twin Star Refco Group Ltd (hereinafter referred to as the "double star group"), the Binxing group trade union committee and three natural shareholders.

Wang Hai is the largest shareholder of the company, investing 6 million 900 thousand yuan, accounting for 21.88% of the shares and chairman of the board.

The other four major shareholders are 5 million 230 thousand yuan invested by the two star group, 16.59% of celebrity industry, 16.65% of the trade union shares of the Binxing group, and another 1 million 700 thousand natural shareholders investing 1 million 700 thousand yuan and 570 thousand yuan respectively.

The main business of the company is the production, packaging and sale of all kinds of shoes, the production and sale of sportswear.

By the end of 2006, the assets of celebrity industries totaled 160 million yuan, and realized the main business income of 67 million 70 thousand yuan, with a loss of 3 million 190 thousand yuan.

In October 12th, Qingdao double star footwear business assets pfer project was officially listed on the Qingdao property rights exchange, to fulfill the procedures of "recruiting, photographing and hanging".

Publicity time as of November 8th.

However, the pfer notice only refers to "a company" without referring to Qingdao binaries.

Qingdao Property Exchange staff told the newspaper that this is the requirement of the enterprise.

As early as last April 24th, Qingdao double star and celebrity industries signed the agreement on asset pfer. The two sides agreed that the company would pfer all the footwear production assets to the celebrities industry. The pfer price would be based on the value of the assets pferred in December 31, 2005, and the price would be about 110 million yuan. The footwear assets to be pferred mainly include plant, machinery and equipment and land for production management.

However, because of the doubt about the purchasing power of celebrities and the legality of the acquisition procedures, they were once stranded, and even the chairman of Wang Hai was once questioned about "turning state-owned assets".

In order to legalize the acquisition process, in October 9th, the Qingdao double star announcement, the company commissioned a qualified Hubei Min Xin Asset Appraisal Co., Ltd. to evaluate the sale of assets, and form the "e Xin commentary" (2007) No. 088 asset assessment report. The acquisition will also be carried out according to the legal procedures of the public bidding for the pfer of state-owned assets, and fulfill the procedures of "recruiting, photographing and hanging".

Celebrity industry is required for Qingdao double star footwear business assets.

However, according to the rules of Qingdao property rights paction, after double star shoe making business "recruit, shoot, hang up", since it is a public auction, it may also produce new buyers.

In accordance with the net value of the assessment, the asset has increased from 110 million 159 thousand and 800 yuan to 132 million 873 thousand and 400 yuan.

The base price of the paction is from 128 million 440 thousand and 800 yuan, the pfer of assets includes 991 shoe making equipment, 17 vehicles, 137 office equipment, and a real estate, land and so on.