Star Hong Kong Media (01616) Completed The Sale Of POWER FIT LIMITED No Longer Holds The Textile Business.
Star Hong Kong media (01616) announced that the issue of POWER FIT LIMITED has been issued on all issues of share capital, and all prerequisites for sale and purchase agreement have been reached and completed in December 20, 2019. After completion, the company no longer holds any equity of the target group and the target group is terminated as the Affiliated Companies. Therefore, the performance of the target group will no longer be incorporated into the consolidated financial statements of the group, and the group will no longer own the textile business.
Star Hong Kong announced earlier that in August 13, 2019, the company entered into a sale and purchase agreement with the buyer to buy the company's interest in selling the sale rights (i.e. all the issued and paid capital stock of the target group and all shareholders' loans owed to the company and its affiliates at the completion of the target group) at a cost of 335 million yuan. On the announcement date, the target group is made up of new materials such as Target Corp, Yin Shi Lai (Hongkong), Yin Shi Lai textile and Yin Shi Lai. Target Corp is Power Fit Limited, the wholly-owned Affiliated Companies of the company. The main business of Affiliated Companies is to sell textile products and provide textile products processing services. All the issued shares of Target Corp are held by the company on the date of announcement.
- Related reading
Jin Yu Che Cheng (000803): The First Largest Shareholder Auctioned 446 Million Yuan Shares Because No One Bid.
|
9 Textile Standards Were Selected For The 2019 Group Standard Application Demonstration Project.
|
Comprehensive Coal To Gas In Leshan Central Area Of The Main Textile Town "Change"
|
- Finished shoes | AJ1 Shoes New Black And Blue Theme Color Exposure, Black And Blue Toes Atmosphere.
- Domestic data | Data Analysis: In 2019 1-11, Retail Sales Of Shoes And Hats And Garments Reached 12016 Billion Yuan, An Increase Of 3% Over The Same Period (Table).
- Enterprise broadcasting | Brand Recommendation: Originated From Hongkong'S More Than 10 Years Of Being Born In Humen, Constant Pay And Innovation Have Made Women'S Wear One Day.
- Fashion brand | Reebok X "Cat And Mouse" Brand New Shoes And Accessories Series Released, The Details Are Full.
- Fashion brand | AJ13 Shoes Brand New "CNY" Color Release, Copper Money Element Support.
- Fashion brand | UNDEFEATED X ASSC New Joint Series Single Product Preview, Year-End Benefits
- Fashion shoes | AJ1 Mid Shoes New "Laser Gun" Color Release, Shocking Eyeballs
- Fashion shoes | "Rose Golden Silk" Air Force 1 Exposure, Edison Chan Hit The Face?
- Fashion shoes | AF1 Low Shoes New Reflective Version Released, Hollowed Swoosh Plus
- Enterprise broadcasting | Brand Recommendation: The Natural Fragrance Of Eall.Cz Is Natural And Natural, Enjoying Life And Creating Life.
- Clothing, Textile And Retail Polarization, Stock Levels Are Still High.
- The Ceremony Of The First Military Uniform Creative Design Competition Was Held Successfully In Beijing.
- How Can We Make Good Use Of New Materials? This Carbon Fiber Based Contest Tells You The Answer.
- Shenzhen Garment Supply Chain Association Annual Meeting And China Garment Supply Chain Conference Successfully Convened And Achieved A Complete Success.
- Demand Side Will Weaken Polyester Filament Prices Keep Falling Risk
- AJ1 Shoes New Black And Blue Theme Color Exposure, Black And Blue Toes Atmosphere.
- Data Analysis: In 2019 1-11, Retail Sales Of Shoes And Hats And Garments Reached 12016 Billion Yuan, An Increase Of 3% Over The Same Period (Table).
- Brand Recommendation: Originated From Hongkong'S More Than 10 Years Of Being Born In Humen, Constant Pay And Innovation Have Made Women'S Wear One Day.
- Reebok X "Cat And Mouse" Brand New Shoes And Accessories Series Released, The Details Are Full.
- AJ13 Shoes Brand New "CNY" Color Release, Copper Money Element Support.