2 Billion Increase Of Garment Industry Chain

Under the good results of the huge increase in performance, the company will take the high-quality related assets into the category of listed companies. Recently, the "Ruyi" notice said that the price of no less than 9.14 yuan / share will be increased to no more than 230 million shares, including no more than 10 specific objects, including the company's affiliated party, Ruyi Technology Group Limited (hereinafter referred to as "Ruyi technology"), and the fund-raising will not exceed 2 billion 1 million yuan. "After this non-public offering, the business scope of the company will extend from simple clothing production to garment processing and manufacturing."

With the company's performance increasing and the performance of the same industry generally unsatisfactory, it is worth looking forward to the performance after the injection of high-quality assets. Reporter statistics found that in the A shares have disclosed the results of the 34 listed companies in the textile industry, Ruyi last year's growth rate reached 360%, second only to Hai Lan's home 。

According to the announcement, 661 million yuan is used to purchase the 100% stake of the affiliated company, Ruyi science and technology Clothing Co., Ltd (hereinafter referred to as "Ruyi investment") and the 51% equity interest of the "" Clothing Co., Ltd. (hereinafter referred to as "Chuang Chuang Ji"), and 839 million yuan for the construction of the high quality worsted fabric project, scientific research project and the 2 million sets of high-grade suit items of Ruyi spinning, and the remaining funds are used to repay bank loans.

Before this issue, Ruyi investment held 53.33% stake in Ruyi technology, and Ruyi technology owns 52.01% stake in wool textile group of Ruyi controlling shareholder. Ruyi technology and Ruyi investment are all related parties. Among them, the number of shares subscribed by Ruyi technology is no less than 10% of the total amount of the non-public offering. The shares issued for the issue are not transferable within 36 months from the end of the issue.

Reporters noted that Ruyi science and technology clothing assets, Zhuang and Ji, as well as related parties, mainly engaged in the production of wool textile clothing, and Listed company The existing business has a relationship of upstream and downstream, and there are related transactions in the purchase and sale of worsted fabrics. With the expansion of the scale of garment production, the amount of related transactions with the listed companies will increase further.

After the completion of the non-public offering, all of the above assets entered the listed companies to eliminate related transactions.

Before the issue, the real controller of Qiu Ruyi was directly holding 0.0235% of the total share capital of the company, and its controlled wool textile group and Ruyi import and export held 26.29% and 2.94% of the total share capital respectively. Qiu Yafu shares 46 million 800 thousand shares directly and indirectly, accounting for 29.25% of the total share capital of the company.

The reporter noted that since the issuance of the term "the upper limit of the number of subscribed shares to be issued for 38 million shares" beyond the "Ruyi technology" is conditional, after the issuance is completed, if Qiu Yafu calculates the upper limit of the offering limit and the lower limit of Ruyi technology subscription, he will indirectly hold 17.9% of the company's shares, and the other investors will not hold more than 10% of the shares. Qiu Yafu is still the actual controller of the company.

It is worth noting that the related assets of the listed company are profitable.

Financial reports show that Ruyi science and technology clothing Assets last year achieved revenue of 514 million yuan and net profit of 22 million 137 thousand yuan. The main business of the company is the production of high-end suits. At present, 2 million sets of high-end suits are being built. Last year, the sales revenue reached 16 million 667 thousand and 900 yuan and the net profit was -35.99 million yuan. The main business of the company is garment processing, production and sales, and sales of various clothing accessories. Last year, its revenue was 173 million yuan and its net profit was 32 million 492 thousand and 300 yuan.

The future profitability of these assets is worth looking forward to.

The announcement shows that the land of 2 million sets of high-end suits is 184.55 mu, with a total investment of 484 million yuan and a construction period of 1 years. The estimated sales revenue is 784 million yuan and the net profit is 64 million 539 thousand and 700 yuan.

Ruyi spinning high quality worsted fabric project will produce an annual output of 1 million 800 thousand meters of high grade worsted fabric, such as top quality cashmere and multi component fabric, 200 thousand meters later. The total investment of the project is 240 million yuan, with a construction period of 1 years, with an estimated sales income of 244 million yuan and a net profit of 20 million 118 thousand and 500 yuan.

According to the announcement, we will resume trading today (16 days).