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Shandong Ruyi Group: 30 Billion Asset Listing Launched! "Lai Ke Ke Creates Plate, Singapore Industrial Assets, A Share Assets"...

2019/8/30 13:22:00 2
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ShandongRuyi GroupLycra

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On the morning of August 28th, Shandong Ruyi group 47th Anniversary, Shandong Ruyi group "Lai Ke Ke creates a board to appear on the market, Singapore Industrial Asset goes on the market, A share assets is added". Thirty billion the signing ceremony of asset listing was held at Ruyi science and technology center.
Shi Guangliang, deputy secretary and mayor of the municipal Party committee, Yu Yongsheng, the Standing Committee of the municipal Party committee and executive vice mayor, Xue Chaowen, Secretary General of the municipal government, Chen Dapeng, President of China clothing association and President of China Chemical Fiber Industry Association.


Lai Ke Ke creates the plate to appear on the market


At the signing ceremony, Shandong Ruyi Group signed a spot signing ceremony on the launch of Lycra, Singapore's industrial asset listing and A share asset issuance projects with China XinDa, Huatai United Securities, XinDa securities, Singapore DBS bank, Zhonglian fund, Sino German securities and other units.


It is reported that the signing of the three major projects are designed to create Leica as the representative of the new technology and material plate, with SMCP, Li bang as the representative of the fashion brand plate, with Shandong, Ningxia, Xinjiang, Pakistan and other "along the road" assets represented by the intelligent manufacturing plate.

Ruyi group, as an innovative and leading enterprise in China's textile industry, has continuously strengthened its technological innovation and brand building, actively promoted the resources of intelligent grafting capital, capital integration, and the global layout of the industrial chain, thus realizing the transformation from large textile and garment manufacturing industry group to world-class top time holding group.

In the future development, Shandong Ruyi group will give full play to the synergy effect of the upstream and downstream industries chain, so as to promote the construction of Jining headquarters economy as the center, gather high-quality assets to allocate capital markets, build high value enterprises with internationalization, capital adequacy and capital abundance, release high-quality new development kinetic energy, and build a new development pattern, laying a solid foundation for a century of Ruyi.

Listing Road

In June this year, Ruyi group of Shandong held the launching ceremony of the Jining stock exchange's science and technology launch board at the Jining headquarters for its newly established The Lycra Co.. It also invited the domestic head broker, Huatai United Securities and XinDa securities as the sponsors and underwriters of the listing.

At the end of January this year, Ruyi Group acquired the clothing and advanced fabric business of Koch, a polymer and fiber supplier in the United States, including LYCRA (Lycra) fiber, COOLMAX fiber, THERMOLITE fiber and thermal insulation materials from the US Industries Invista.

After the completion of the transaction, Ruyi group set up a new company, the Lycra group, which mainly produces elastic fabrics for jeans and yoga wear. For regulatory reasons, the $2 billion cross-border acquisition took 15 months from announcement to completion. Through this acquisition, the group added about 3000 employees.

In July 22nd, China's science and technology board began trading on the first day, and the first 25 companies rose by an average of 140%. Ruyi group said that as the top brand of the global high-tech fabric industry, the Lycra group has absolute competitiveness in the science and technology innovation board. The Lycra group is the only fabric producing high-end spandex fabric in the world. It has the most advanced technology in this area. It relies on the overall production of 11% in the spandex field, and sales account for 25% of the total.

According to the information released by Ruyi group, the annual sales volume of Lycra group is more than 7 billion 500 million yuan, and the sales of Lycra fiber brand garments is over 1 billion, of which more than 60% come from new products developed in recent years. The Lycra group currently has 5 independent R & D laboratories, 2700 trademarks and more than 1400 patents worldwide.

Ruyi group has acquired a large number of well-known fashion and luxury brands overseas in recent years, including Swiss luxury brand Bally, British windbreaker brand Aquascutum, Hongkong senior men's wear group, Li Bang holdings, and French women's clothing group SMCP (its brand Sandro, Maje, Claudie Pierlot), among which SMCP was listed on the pan European stock exchange in Paris in October 20th.

At present, Ruyi group has 30 fashion and luxury brands in the world, and operates nearly 6000 stores in 81 countries and regions. With the help of Ruyi group, the new fabrics introduced by the Lycra group can achieve mass production in the short term and enhance competitiveness in Asia.
In May, there were reports that Ruyi group worked with Goldman Sachs to study the feasibility of IPO for the Leica group in the US, and estimated that it could raise $500 million. Source Jining news network, English website Fashion Network, Lycra group, gorgeous, printing and dyeing people
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