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BELLE Group Resumed Trading On The First Day Of Its Stock Price Soaring, And Pformation Is The Top Priority Of The Company.

2017/5/4 22:30:00 42

BELLE GroupBELLE InternationalFootwear

After the suspension in April 18th, last week

BELLE group

The announcement of the privatization of the consortium headed by management, high allocating capital and CDH investment was announced, with a purchase price of HK $6.30, a premium of 19.54% over the suspension price.

After Tuesday's rally, although BELLE group's stock price still has about 4% of its purchase price than the purchase price, a number of big banks released on Tuesday reported that the purchase price was not attractive, and investors should not be high in pursuit.

Macquarie said in its Research Report on Tuesday that HK $6.30 is equivalent to about 18.7 times P/E, compared with Alibaba's privatization price of HK $10 per share, closing price 42% and 20 times P/E, BELLE group privatization scheme is not attractive to investors, so the bank maintains BELLE group's "better than big city" rating and target price of HK $5.80.

On Tuesday, UBS also issued a report that the bank believes that although there is uncertainty, most investors will accept the privatization of the consortium, thus giving BELLE group a price target of HK $6.30 in privatization.

At the same time, UBS also said that most BELLE group stores have only one salesperson, so further cost reduction plans are hard to put into practice, and the company has carried out an earnings warning for the past fiscal year, and the downside risk of BELLE group is expected to continue.

Nomura also said that the privatization plan of BELLE group had no surprises. The premium was at least 25% lower than that of the recent counterparts. Only the estimated shareholders had the opportunity to accept the above plan, thus maintaining the BELLE group's "buy" rating and the target price of HK $6.20.

According to the announcement issued by BELLE group on Thursday, the total share of the privatization needed to purchase is 7192291808 shares, accounting for about 85.28% of the total issued share capital and 45 billion 311 million 400 thousand HK dollars, of which the US bank provides HK $28 billion, and the consortium provides HK $17 billion 311 million 400 thousand cash.

BELLE group explained the sale reasons in the announcement, in recent years, the company

Shoe shoe

Business has encountered unprecedented challenges. Despite a series of measures to deal with it, the effect is not impressive. Since the fourth quarter of February 28, 2014, group footwear business has been declining in the same quarter in the 13 quarter.

The joint offeror plans to invest in the company's financial and operational resources and work together with the company to explore a series of pformation plans.

The above acquisition consortia include Mr. CDH, Mr. Sheng, wise entrepreneurs, HHCDR GP, high allocating HHBH, high Ling HHBG, CDF V general partner CDH V Holdings Company Limited and SCBL.

Mr. Yu and Mr. Sheng are management group of BELLE group. They are the executive directors of the group, who are the nephew of Sheng Bai Jiao, CEO of the group.

After the completion of the paction, the high leverage capital will own 56.81% of BELLE group, while CDH investment will hold 12.06%, and it will hold 31.13% stake in the management group.

For the above pactions, Zhang Lei, founder of CEO, said that the company's long-term capital base and its deep experience in digital and corporate operations will surely help BELLE to regain its vitality in the Internet age by implementing the necessary changes.

CDH investment said that the privatization proposal could make BELLE international focus resources necessary pformation.

  

Belle International

The founder and chairman Deng Yao said that starting the pformation is a top priority for the company. Based on the long-term commitment and input of the offeror, he agreed to accept the offer with the CEO of the group. Sheng Bai Jiao said that the group is in a serious situation and is in urgent need of pformation. However, there is no doubt that only by combining the traditional retail mode with the digital economy, plus effective new strategies and execution, can the company continue to maintain its long-term competitive advantage.

For more information, please pay attention to the world clothing shoe and hat net information report.

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