Plaid is a beautifully classic pattern, and it can convey an ever-changing mood with its subtle variations of line quality and color.
Plaid Wool Fabric is ideal for cape, casual jackets, skirts and trousers. Our company can customized different quality plaid wool fabrics according customer's requirements.
We have own factory to manufacture various of plaid Wool Fabric so that our price is competitive.
Plaid Wool Fabric Plaid Wool Fabric,Check Wool Plaid Fabric,Tartan Check Plaid Fabric,Checked Suiting Fabric SHANDONG XINGTENG INTERNATIONAL TRADE CO., LTD. , https://www.woolfabric.be
According to Youngor's announcement, in order to promote the long-term development of the company, Shengda Company plans to optimize the ownership structure. Shengda Company will repurchase shares of Shengda Company held by some shareholders according to law, and cancel the shares repurchased by the company, accordingly reducing the registered capital of Shengda Company. The relevant procedures are being processed. According to the information, Shengda is the sole shareholder of Youngor, the major shareholder of Youngor, and holds 0.02% equity in Youngor through youth investment, and directly holds a 0.91% stake in Youngor.
According to Youngor's announcement in 2006, Shengda Company was a joint-stock cooperative enterprise established by 2111 natural persons such as Li Rucheng. It was established in November 1992 with a registered capital of 412, 297,412 yuan. Before this equity change, Li Rucheng and Li Han poor father and daughter hold 23.19% and 0.32% equity of Shengda Company respectively, and the remaining 76.49% shares are scattered in the hands of other shareholders. After the equity change, all other shareholders withdrew, and the percentage of shares of the father and daughter Lee was 98.73% and 1.27%, respectively.
The result of the equity adjustment of Shengda Company is that Li Rucheng’s control over Youngor’s control. Prior to the equity change, Li Rucheng directly and indirectly holds 9.81% of Youngor's shares; after the change, Li Rucheng will directly and indirectly hold 34.65% of Youngor's shares.
"Shengda's other shareholders are old employees, many have already retired, there is a demand for cash, Li Zong (Li Rucheng) is hoping to further increase the proportion of control." Younger insider told reporters.
In fact, in August 2011, Li Rucheng had received shares held by some shareholders of Shengda Company, its shareholding ratio increased from 19.31% to 23.19%, and the proportion of direct and indirect bonds held by Youngor increased from 8.55% to 9.81%. At that time, it was optimistic that brokerage researchers would expect Li Rucheng to take the first step in increasing his control. In the future, there is a possibility of further increasing the proportion of his shares.
What is Li Rucheng’s desire for centralization?
It cannot be avoided that the younger man at the helm of Li Rucheng was in a relatively low tide. One of the main business “troika†financial investment business experienced severe fluctuations, and real estate was subject to sluggish progress in macro-control, which led to a decline in performance. In this regard, Youngor has admitted that "the reliance on the capital market is high," the statement will gradually reduce the scale of investment, and further increase the investment in brand clothing.
Controversially, shortly after Younger's statement "returning to the main business of garments," the company announced at the end of last year that it would invest 3 billion yuan to subscribe for 30% of Guolian Fund's share of investment and participate in the investment in the West-East Gas Pipeline project.
Li Rucheng, who has always been bold, has increased his holding of Youngor at this time, perhaps to further strengthen his power of speech.
Another topic that Li Rucheng's "centralization" draws is power transfer. Li Rucheng, born in 1951, claimed that he hoped to retire at the age of 60 years ago but he has not yet delivered a stick. In 2011, when he was interviewed by the media, Li Rucheng stated that he “hoped that 65 years old can fade outâ€. For Li Rucheng, 62, the topic of corporate heritage has entered a countdown. For Li Rucheng, who created Youngor, the handover class is a heavy and thorny issue. He has repeatedly mentioned that Youngor’s shareholdings are dispersed and that no one party has absolute control, which brings great problems to corporate heritage. To this end, Li Rucheng hopes to find a system of inheritance that goes beyond state-owned enterprises and private companies.
In a curvilinear way, 62-year-old Li Rucheng has strengthened Youngor’s controlling stake. Youngor announced yesterday that Shengda Company, the sole shareholder of the company's major shareholder Youngor Holdings, will implement a share repurchase. The other shareholders who initially held 76.49% of Shengda’s shares will withdraw in full, and Li Rucheng’s father and daughter will be automatically “upâ€. As a result, the proportion of direct and indirect shareholdings of Li Rucheng and his younger generation on Youngor will jump sharply from less than 10% to 34.65%. Analysts believe that Li Rucheng, who spent the year in Lijia, has a deep meaning, which extends the space for Youngor's capital operation and quietly paves the way for future smooth handover.
In fact, in August 2011, Li Rucheng had received shares held by some shareholders of Shengda Company, its shareholding ratio increased from 19.31% to 23.19%, and the proportion of direct and indirect bonds held by Youngor increased from 8.55% to 9.81%. At that time, it was optimistic that brokerage researchers would expect Li Rucheng to take the first step in increasing his control. In the future, there is a possibility of further increasing the proportion of his shares.
What is Li Rucheng’s desire for centralization?
April 08, 2020