Hai Lan's Home Sells Jiangyin AI Ju Rabbit Clothing Investment Income 56 Million Yuan.

On the evening of September 16th, Hai Lan home announced that the company's wholly owned subsidiary, Hai Lan Home Brand Management Co., Ltd. is planning to sign a transfer agreement with Zhao Fangwei, Jiangyin joint venture management partnership (limited partnership) and wholly owned subsidiary of Jiangyin Hai Lan Home Investment Co., Ltd., Jiangyin.
According to the agreement, the quality control company intends to transfer the 66% stake of AI Ju rabbit to Zhao Fangwei, transferring the price to 252 million yuan, transferring the 15% share of AI Ju rabbit to the joint management, transferring the price to 57 million 364 thousand and 900 yuan, and transferring the 19% share of AI Ju rabbit to Hai Lan investment, the transfer price is 72 million 662 thousand and 200 yuan.
After the completion of the transaction, it is expected to bring a non recurring one-time investment income of 56 million yuan for listed companies.
According to the announcement, AI Ju rabbit was founded in August 2010. Its business scope is clothing, clothing, shoes, knitwear, textiles, leather products manufacturing, processing and marketing, and sales of general merchandise.
As of August 31, 2019, the total assets of AI lived 1 billion 30 million yuan, and from January 2019 to August, the operating income was 1 billion 148 million yuan and the net profit was -2536.38 yuan (the above data was audited).
Before the transaction, the company's wholly owned subsidiary quality control company owns 100% stake in AI Ju rabbit. After the completion of the transaction, AI rabbit will be changed into a share holding company, and the company will indirectly hold 19% of its shares.
According to the announcement, since the founding of the AI rabbit brand, after several brand positioning adjustments, the overall performance of the brand has not reached the expected level. Based on the judgement of the current market and future development of the popular women's clothing market in China, the company thinks that adjusting the equity ratio of the AI rabbit can transfer the controlling shares to the core manager and management team of the brand, which can reduce the operating costs and operational risks of the company, reduce the inefficient input of resources, and concentrate resources on new brands with better development momentum, and maintain the interests of the listed companies and the small and medium-sized shareholders.
Hai Lan home said that after the completion of the transaction, it is expected to bring the company a non recurring one-time investment income of 56 million yuan. The funds obtained from this transaction will be used for the daily operation of the company, and will not have a significant adverse impact on the daily operation and financial status of the company, which will further reduce the company's operating costs and enhance the efficiency of asset operation. After the completion of the transaction, the company intends to change the actual use of the main part of the investment fund of the rabbit, and the fund will be permanently replenish the working capital.