Hinur Pformation? Large Scale Acquisition Of Tourism Assets Stripping Garment Industry

At the end of last year, I just said in a reply to the exchange that Hinur, who would seek to pform the operation mode from "heavy assets" to "light assets", entered the "buy and buy" model only 4 months later.

On the 24 day, he announced that the company and the Zhongfu Strait (Pingtan) development Limited by Share Ltd (hereinafter referred to as "Pingtan development") signed the "Xitang item company share pfer intention letter", to acquire Beijing Zhongfu Hong Wah Scenic Spot Tourism Development Co., Ltd. (hereinafter referred to as "zhongfukang Hua") and subordinate item company Jiashan Kang Hui Xitang tourism real estate development limited liability company (hereinafter referred to as "Xitang real estate"), Jiashan Kang Hui creation tourism development limited liability company (hereinafter referred to as "Kang Hui creation") 100% stake.

Just 10 days ago, Hinur announced that he would buy 100% stake in Shangri-La Renhua real estate company (hereinafter referred to as "Renhua real estate") and 90% equity interest in Xi'an Tian Nan Cultural Tourism Development Co., Ltd. (hereinafter referred to as "Tian Nan Wen brigade").

It is self-evident that he has entered the tourism and holiday industry in a series of big purchases, which is consistent with the industry of the new controlling shareholder, cedar Wen brigade.

Since then, whether the design and sale of suits, shirts and other clothing products are still the main business of the company is worthy of attention.

Intended for Xitang project

Zhongfu Hong Wah was founded in May 12, 2010. Its main business is tourism resources development (excluding tourism business), project investment and so on.

Pingtan has 90% stake in Zhongfu Hong Wah.

Hinur's acquisition of Hong Wah's stake in "Fui" is in his Xitang project.

Xitang real estate is a limited liability company established in Xitang Town, Jiashan County in December 19, 2011, with a registered capital of 80 million yuan.

Zhongfu Hong Wah owns 65% of its stake. Shanghai Tianhong Industrial Investment Co., Ltd. owns 35% of its equity.

According to the Economic Herald reporter, Xitang property legally owns good land use (2013) No. 00403242 land use right.

The plot is located on the south side of xitin highway in Xitang town and on the west side of Lai Feng port. The land area is about 41 thousand and 300 square meters, with a floor area of 0.7 to 0.9.

The name of the project is "Xitang Yuyue garden". The project has been completed and completed, and the project has been completed for record and comprehensive acceptance. The initial registration of property rights has not yet been registered.

According to the measured area of the statistical data obtained from the survey results of the building area in Xitang town of Xitang town in May 2015, the measured area (hereinafter referred to as the "measured area"), the total construction area of Xitang Yuyue Garden (excluding basement) is 33 thousand and 300 square meters (including but not limited to commercial 5882.55 square meters, The Residence Hotel 25 thousand and 700 square meters, 802.06 square meters of supporting room), and the basement building area is 4407.27 square meters in Jiashan.

Kang Hui was founded in April 18, 2014 with a registered capital of 100 million yuan.

Pingtan has its 51% stake in development, Nakafuku Yasuka holds 39% of its shares, and Shanghai Kang Tan Tourism Development Co., Ltd. owns 10% of its equity.

Kang Hui also has a land use right in the town of Xitang. It is located on the south side of xitin highway in Xitang town and on the east side of Lai Feng port. The site is of commercial use, with an area of about 58 thousand and 800 square meters, with a floor area ratio of 0.7-0.9.

The project has completed three links and one level, and has not yet been built.

"The company plans to acquire all the shares of Zhongfu Hong Wah and Xitang real estate and Kang Hui, thereby indirectly obtaining the full and flawless development proceeds of Xitang's home ownership and Kang Hui's creation of the project block.

Pingtan's development is intended to facilitate the acquisition of the company through the restructuring of the shares of Zhongfu Hong Wah and Xitang, and the creation of Kang Hui.

Hinur said.

In the view of the company, the move is based on the needs of the company's strategic planning and business development, and by increasing the cultural tourism business to increase the company's sustainable development and profitability.

"The development and operation of tourism projects need a long time to run and enhance services. Adopting M & a mature tourism projects is conducive to integrating existing tourism resources and business elements, and is a more efficient way for companies to cut into tourism and leisure industry quickly."

Quick entry of acquisition mature projects

In fact, just 10 days ago, Hinur's "buy buy buy" mode was opened.

14, the announcement said that the company intends to acquire 100% stake in Renhua real estate and 90% stake in Tian Nan Wen brigade, and the purchase price is 50 million yuan and 90 million yuan respectively.

Renhua real estate is located in Shangri-La, Diqing Prefecture, Yunnan. The company mainly deals with real estate development, tourism project investment and other services.

Tian Nan Wen brigade is affiliated to Guangzhou Tian Nan Culture Tourism Co., Ltd., which mainly manages the development and operation of tourism projects, and is registered as Xi'an city.

Financial data show that the net profit of Ren Hua home last year and 2018 1 to February was negative, respectively, -294.59 million yuan and -39.52 million yuan.

The operation status of Tian Nan Wen brigade is not optimistic.

Last year, from 2018 to February, its net profit was -17.52 million yuan and -19.50 million yuan respectively.

What Hinur sees is also a cultural tourism project owned by both.

The main asset of Renhua real estate is in the construction of the kurzong Wen town small town project. It is a special town with large theaters performing arts show, street interactive performance show, boutique main Inn, Tibetan cultural scene commercial street and special food city. It is a key cultural tourism project of Di Qingzhou and Shangri-La in Yunnan province.

Through the acquisition of 90% stake in Tian Nan Wen Lu, he will continue developing the Zhi Yang Wen Li Town Project on the project site of Tian Nan Wen brigade, and build a small town with a large theater performance show, street interactive entertainment show, cultural scene commercial street, and characteristic food city. It is about 7 km away from the Terracotta Army scenic area and about 3 km away from Huaqing Hot Spring scenic area. It will be built into the Fenghuang ecological valley area located in the Lintong international tourism resort area and the core area, and the functional complex, complete and high-quality cultural tourism holiday complex. The business format includes performing arts, indoor entertainment, banquets, business, hotel inns, etc.

Hinur believes that with the continuous promotion of the strategy of building a moderately prosperous society in all respects, tourism has become an important part of people's daily life.

Against this background, the acquisition of cultural tourism town project has broad market prospects.

Whether the main business is changed is worth paying attention to.

Before buying and buying, he sold and sold in recent years.

In November last year, after the change of controlling shareholder, he said that the company would hold the city of the city.

100% of the shares of the company (hereinafter referred to as "the blue man") are pferred to the bridegroom.

And the meaning of the establishment of the man's dress is to "pretend" Hinur.

Production related assets and liabilities.

Therefore, Hinur's pfer of the man's clothing for the company is actually a spin off of the company's clothing production business.

It is worth noting that cedar Wen said in September last year that the cedar brigade did not exclude adaptation in the next 12 months from the date of signing the offer report.

Environmental changes will adjust and optimize the main business without changing the existing main business.

To this end, before Hinur pferred to the man's clothing, the exchange inquired.

In reply letter, Hinur also said that after the sale of this asset, the company's future garment production business will take the outsourcing mode of production, and the main business is still the design and sales of suits, shirts and other clothing products. No substantive changes have taken place, only the pformation of the operation mode from "heavy assets" to "light assets".

Then, after this large-scale acquisition of cultural tourism industry assets, whether Hinur's main business has undergone substantive changes is worthy of attention.