China Youth Industry: HK $1 Million 925 Thousand And 700 For Mainland Garment Trade
The Chinese Youth Foundation announced that the sale of all its high stake in the mainland's clothing trade business will cost HK $1 million 925 thousand and 700.
China Youth Foundation (01182) issued a notice in August 15th, saying that it sold all the shares with a high premium of HK $1 million 925 thousand and 700.
By the end of 08 March, the total garment trade revenue of the high premium accounted for about 24% of the total garment trade. The total assets and total liabilities of high overflowing accounted for about 40% and 38% of the total apparel trade and total liabilities respectively. Therefore, high overflow was regarded as only a small part of the clothing trade business.
The company expects that it will not sell the remaining part of the clothing trade business in the short term.
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