Shanshan Shares Or Will Be Independently Listed Assets Restructuring Business

Recently,

Issued a supplementary notice on the preparatory work of the Licensing companies to start the operation of the company to split the company's shares to the stock exchange of Hongkong.

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According to the announcement, the clothing business is going to be listed as the main body of the listing: the company intends to implement the overall restructuring of Ningbo Shanshan clothing brand management Co., Ltd. (hereinafter referred to as "Shanshan clothing"), and through the reorganization of the assets of the company's brand clothing business and other brand clothing businesses, it will build Shanshan clothing into the sole business platform of the company's brand clothing business, and will be listed on the H share issue.

After the completion of the stock reform and the listing of H-shares, the brand clothing business will be run entirely by H-share listed companies, and the company will no longer operate similar or similar businesses.

Nowadays, the competition in clothing industry is becoming increasingly fierce.

According to the 2015 earnings report released by Shanshan stock group, the main business income of the clothing business of Shanshan was 580 million yuan, down 49.32% compared to the same period last year, and the net profit of the Company attributable to shareholders was 17 million 620 thousand yuan, so that it could turn losses into profits.

According to people familiar with the matter, Shanshan clothing business includes the original "Shanshan" brand business and fashion Brand Company (which is responsible for the operation of other brand businesses besides "Shanshan" brand).

Among them, the original "fir" brand business of last year's revenue fell, but the net profit kept no loss.

As China's first clothing listed company, in order to break through the "ceiling" of the industry, they are carrying out a series of innovative reforms.

Last July, heavy launch

"Shanshan, and set up an independent business unit for this purpose, a large number of professionals and fresh blood are being introduced.

Zheng Yonggang, chairman of the board of directors of Shanshan, hopes to rebuild a brand Shanshan, which is mainly aimed at the young market. It expects to open 1500 new stores in 5 years and achieve a revenue of 3 billion 800 million yuan.