Nine Mu Wang Invest In Korea'S Clothing Business Brand To Accelerate Pformation And Upgrading

(601566) in the evening of August 3rd announcement, the Shanghai Jing Lin nine Sheng Xin Lian equity investment center limited partnership (hereinafter referred to as "nine Sheng Xin Lian") was launched by the company's subsidiary in July 31st and Shandong.

The electricity supplier group Limited (referred to as "Han Du Yi house") signed the agreement. Nine Sheng Xin Lian intends to subscribe for 5.9094% of the registered capital after the capital increase of the Korean capital's clothing market with 12 million dollars or equivalent RMB.

It is reported that in order to effectively promote the investment pace of garment related industries, the nine Sheng Investment Company of the nine Mu Wang wholly owned subsidiary and the Shanghai Jing Hui Investment Management Center (limited partnership) launched the nine Sheng Xin Lian, investing in

Lifestyle related projects.

Shandong Han Du house

Group Co., Ltd. is a pure Internet e-commerce brand.

At present, there are 19 brands under Han's clothing house, which are divided into three styles: Han Feng, Oriental style and European and American style. They cover women's clothing, men's wear, children's wear, outdoor clothing and middle-aged and elderly clothing. They can wear more than 20 thousand clothes every year.

The company has more than 50 business divisions, with branches in Korea and Beijing.

The list of shareholders shows that actors Li Bingbing, Huang Xiaoming and Quan Ren hold 0.676%, 0.676% and 0.4916% shares respectively.

In 2014, the business revenue of Han Du Yi house was 831 million yuan, and its net profit was -3607.19 million yuan. In 2015, its operating income was 497 million yuan in 2015, and its net profit was 24 million 854 thousand and 500 yuan.

In July 20, 2015, a nine joint venture invested by Ji'nan's nine Korean international Agel Ecommerce Ltd, a wholly-owned subsidiary of nine Mu Wang, invested in the investment and the Korean market.

The registered capital of the joint venture company is 10 million yuan, and the proportion of the nine Sheng investment is 50.1%.

According to the insiders, as one of the leading brands of business casual men's clothing in China, although nine years old, there is a certain adjustment in the weak market, but the company's style is steady and the overall development quality control is good.

The company's joint efforts will help speed up the pace of pformation and enhance the success probability of the pformation of the fashion industry group.