Sale Of New Horse Clothing &Nbsp; Quasi Transformation

(600177.SH) issue on sale New horse Regarding the announcement of the company's shareholding, Mr. Li Rucheng, chairman of the group, said that he was also considering a higher level of industrial upgrading, and should turn from a technology intensive to an artistic and creative enterprise. Youngor The announcement shows that the company intends to transfer all the shares of the wholly owned subsidiary of Xin Ma clothing to Sheng Tai yarn dyed fabric. If the net asset price is below $80 million, the selling price will be $80 million; if the net asset price is above $80 million, the audited net asset value will be sold. The sale of new horse clothing is mainly for the production and export of shirts, T-Shirts, trousers and other garments. There are many production factories in the mainland, including Sri Lanka, China and Mainland China. In this regard, the securities and futures Department staff said that the sale of the new Malaysia clothing OEM business, which made small profits and the bottom of gross profit margin, was more conducive to concentrating resources and energy to do well in the brand clothing industry. In 2010, gross domestic product gross domestic product reached 63%, much higher than the gross domestic product gross domestic product rate. The current profit of the clothing sector is mainly from the contribution of brand clothing, and the profit of the new Malaysia business is less than 2%. Renminbi appreciation With the increase of labor costs, this business does not have sustainable profitability and development space. "There is still a big gap between the number of famous brands in the world and some famous brands in the world, and the future will expand continuously through the platform and resources of Singapore and Malaysia, through acquisitions and mergers." Securities department pointed out.