The Biggest Takeovers In The Domestic Garment Industry Failed, And Semir's Apparel Acquisition Was Out Of Commission.

< p style= "text-align: center" > img border= "0" alt= "align=" center "src=" /uploadimages/201401/03/20140103021910_sj.JPG "/" < < > >
< p > < strong > < a > target= "_blank" href= "//www.sjfzxm.com/" > clothing > /a > industry. The largest purchase case is abortion > /strong > /p >
< p > Semir < a target= "_blank" href= "//www.sjfzxm.com/" > dress < /a > said in the announcement that, due to the signing of the equity transfer agreement of zhe Mu Shang before December 31, 2013, the expiration of the framework agreement signed by more than half a year was relieved. For the reason, the company did not explain in detail, saying only six months ago that the transferor "failed to reach agreement on the specific terms of the equity transfer agreement". < /p >
< p > June 19, 2013, Semir costumes signed a framework agreement with zhe group, Yang Herong, Yu Yong, Zhu Zhaoguo, Tu Guangjun and Mao Chun Hua to buy 71% stake in zhe mu. < /p >
< p > data show that the "a href=" http://sjfzxm.com/news/index_cj.as "zhe Mu Shang" /a "is a private apparel Brand Company, which is mainly located in high-end casual menswear. Its" GXG "and" gxg.jeans "brand have created the fashion style, exquisite and simple style of urban youth, and are the leading brands of urban youth casual men's wear. < /p >
< p > earnings report shows that zhe Mu still achieved operating income of 1 billion 398 million yuan in 2012 and a net profit of 206 million yuan. In response to the acquisition, zhe group also made a performance pledge for Zhong zhe Shang in the next 3 years. The net profit in 2013 is no less than 265 million yuan, and the net profit growth rate in 2014 and 2015 is not less than 20%. < /p >
< p > it is worth noticing that at that time, Semir's 2013 apparel revenue and net profit both dropped significantly. This transaction, known as "the biggest merger and acquisition case in the domestic garment industry", is also regarded as an important measure to improve Semir apparel's performance. < /p >
< p > < strong > blow up early warning signs < /strong > < /p >
< p > reporters have combed all kinds of information to understand that the transfer of shares seems premature. < /p >
< p > > a href= "http://sjfzxm.com/news/index_cj.as" > Semir dress < /a > is expected to purchase 71% of China zhe mu 71% at the price of 19.8 to 2 billion 260 million yuan, and the net assets of the latter are only 272 million yuan at the end of 2012. < /p >
At the same time, zhe Zun Shang, though head of the "City Youth casual menswear leadership brand" of the aura, but it has been difficult to get rid of the "fake foreign brand" suspicion. P GXG has always claimed that the brand was born in France, but according to media reports, the factory that GXG started is located at 111, Shanshan Road, Yinzhou, Ningbo, where the Shanshan Group is located. < /p >
< p > "although the business performance of the company in the past few years is not bad, it has been going downhill in the past two years." One industry insider told reporters. < /p >
< p > from Semir apparel stock price trend, investors are also afraid to avoid this investment. After its announcement and resumption in June 19, 2013, the company's share price plummeted for two consecutive days, down to 15%. < /p >