Lining, The Old Capital Of The Castle, Will Be The 50 Million Master.

After buying 66.6% stake in burshlung,

Extraordinary China and its concerted action need to make a mandatory unconditional cash offer for the remaining shares of burlung.

At 6 a.m. on May 15th, a joint announcement was made by the old caste dragon and the extraordinary China, announcing that the 66.6% stake would be sold at the price of HK $46 million 620 thousand, and the price would be HK $0.043 per share, which is equivalent to a discount of 70.95%, according to the 0.148 Hong Kong dollar stock price in May 14th.

After the completion of the offer, the extraordinary China and its concerted action must make a mandatory and unconditional cash offer for the remaining shares of the burgers, and offer a comparable offer to the shareholders of the burshon dragon based on the rules of the takeover rules to cancel all the unexercised dragon shares.

Affected by this news, today, the price of burshlung shares rose sharply, and ended up at HK $0.224 / share, or 51.35%.

As the representative of the rise of "national tide" in recent years, Lining, the founder of sports brand Lining, is the chairman of the extraordinary China board of directors. This also means that with the change of Lining, the future of the two will be the same door. What kind of sparks will be the next two? How can Chinese Lining, a young Chinese favorite, lead the Burgh dragon out of the new trend of leisure?

It is reported that in order to complete the acquisition and holding operation of burshlung, Luo Jiasheng, nephew Luo Zhengjie of VC and Consumables, a subsidiary of China's wholly owned subsidiary, has established the development of long jump based on the shareholding ratio of 80% and 20%. The cost of the acquisition of burshlung is estimated to be about 74 million 400 thousand Hong Kong dollars in extraordinary China, of which the highest contribution in China is about HK $59 million 500 thousand.

In Hongkong, Luo Dingbang, founder of the castle dragon, was known as the "king of knitting". He founded Roche knitted in 1975, thus creating his own knitting kingdom. He was founded by Li Xin Group founder Lim Por-yen, Zhao Feng Textile founder Fang Zhaozhou and Wan Tai garment producer Tian Yuanhao, and became the four largest family in Hongkong textile and garment industry. The annual production of 350 million garments, Hong Kong stocks in the "global clothing first share" known as the founder of crystal international, Luo Lefeng is also the oldest son of Luo Ding bang. In fact, in the memory of the "post-80s" generation, the brands such as bursworth, Baleno and Giordano were once synonymous with "fashion" and "taste". They were regarded as the "three giants of fashion clothing" at that time, but unfortunately they are declining in today's fierce market competition.

Earnings data show that since 2014, burshilong has declined for the five consecutive fiscal year, and its annual revenue level is almost the same as that of nearly twenty years ago. Net profit in the 2018 fiscal year and 2019 fiscal year slumped 692.96%, 380.14% and a loss of hundreds of millions of dollars. At present, there are 287 direct outlets and 799 export franchise stores in 30 countries in the world.

From the information disclosed, extraordinary China has been engaged in the development, design and sales of sports, life and leisure consumer goods. In view of the fact that the core sports business in China has achieved a compound annual growth rate of about 36% from 2017 to 2019, its board of Directors believes that the sports consumer goods market still has great opportunities. Under the current situation of Lining and Shanghai's red double happiness, the extraordinary China intends to rely on it. Over the past ten years, China has been expanding its core business through continuous investment in the good foundation of its operation in the Chinese market.

And for many years, the company has a certain brand awareness in the consumer's mind. It will play a synergistic role with product cooperation, marketing supply chain and sales channels, which is beneficial to further expand the market coverage and form economies of scale.

It is reported that China intends to keep its existing garment business, maintain the listing position of the stock exchange, and rebuild its brand image for the sake of attracting younger generation of consumers.