AOKANG International Does Not Work Properly, Playing Banks To Optimize Investment Structure

The amount of the proposed investment is not more than 200 million yuan. As one of the sponsors, it is involved in initiating the establishment of a private bank in Wenzhou.

AOKANG international recently announced that it would optimize the company's investment structure and enhance its overall competitiveness.

AOKANG International Board authorized Wang Zhentao, chairman of the board, to complete the relevant preparatory and application work of the private bank and sign relevant documents in accordance with the law.

The amount of investment should not be submitted to the shareholders' general meeting for deliberation and approval within the decision-making power of the board of directors, but it still needs to be examined and approved by the banking regulatory authority of the State Council and other relevant departments, and it may still be adjusted in the process of material declaration, approval and final approval and approval, so there is uncertainty.

As the first batch of private banks approved to build, Wenzhou civil commercial bank intends to register capital of 2 billion yuan.

And the Huafeng spandex two private enterprises are mainly sponsors, the contribution ratio is 29% and 20% respectively, and the remaining 51% shares are raised to high-quality enterprises in Wenzhou.

If the stake is 200 million yuan, AOKANG international will hold 5% and become one of the main shareholders.

At present, the Wenzhou civil and commercial bank is waiting for the approval of the CBRC's site selection. Once passed, it is expected to officially open to the public at the end of January.

AOKANG international responsible person told reporters that cross-border investment in the financial industry, which is the trend of industrial development, to diversify against market risks.

At present, the development of labor-intensive industries such as Chinese clothing and shoes is not optimistic. The rising cost has been eroding the meager profits of these industries.

In recent years, Dongguan, Wenzhou, Jinjiang and other major shoemaking bases have been closed by a number of shoe companies.

As an independent brand, AOKANG international, although a little better than a lot of shoes in the factory, still can not get rid of the fate of the profit decline.

According to the announcement issued by AOKANG international, the company's operating income in 2014 1~9 was 2 billion 97 million yuan, a slight increase of 0.55% over the same period last year, but the net profit attributable to the shareholders of the listed company was 186 million yuan, a decrease of 27.98%.

More and more shoe companies are turning to investment real estate development, finance and other fields. YOUNGOR, Shanshan and Goldlion brands have long been involved in finance and other industries.

As the first Wenzhou shoe company listed on A shares, AOKANG international is constantly adjusting its industrial structure and has been keen on financial investment for many years.

As early as 2008, AOKANG international invested in the establishment of Yongjia Ruifeng microfinance Limited by Share Ltd, becoming the main sponsor of Wenzhou's first small loan company.

In August 2013, AOKANG international strategic investment, Yinfeng guarantee, as a major member of AOKANG's financial industry, then established a strategy with major commercial banks in Wenzhou.

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In October 2013, AOKANG joint financial institutions in the new force of the Austrian Concord private capital management Limited by Share Ltd, using debt plus equity mixed mode, to solve the investment and financing problems faced by SMEs.