Semir Qiu Guang And Pledge 25.64% Shares Due To Personal Capital Needs

In September 4th, Qiu Guang, the real controller of Semir apparel (002563.SZ), mortgaged 117 million shares held by China to China Galaxy Securities Limited by Share Ltd, which accounted for 25.64% of its share holdings. Yesterday, Semir clothing closing price of 11.76 yuan / share, Qiu Guang and the cash in cash 1 billion 376 million yuan.

In this regard, the explanation given by the announcement is due to Qiu Guang and personal capital needs.

As of the announcement day, Qiu Guang and the company directly held 456 million shares of the company, accounting for 16.91% of the total share capital of the company; indirectly holding 134 million of the company's shares through Semir Group Co., accounting for 4.98% of the total share capital of the company. The total number of shares held by the company is 262 million shares, accounting for 9.71% of the total share capital of the company, accounting for 57.41% of its shares.

In addition, in September 2nd, Qiu Guang and his son Qiu Jianqiang transferred their 300 thousand shares of shares to Chen Xinsheng and Zhang Wei respectively in a block trading manner, accounting for 0.0111% of the total share capital of the company. The average price of the transaction is 10.83 yuan / share, Qiu Qiang this cash 6 million 498 thousand yuan.

It is noteworthy that not only did Semir manage badly, but also Qiu Jianqiang's investment suffered heavy losses.

According to public figures, Qiu has invested in 85 companies, 43 of which have been cancelled and 35 companies are Semir brand related companies.

So far, Semir apparel control shareholders, actual controllers and their concerted operations have accumulated 400 million shares of pledge, accounting for 14.82% of the total share capital of the company, accounting for 20.63% of the total number of shareholders holding the same action.

In 1996, Zhejiang Semir apparel Limited by Share Ltd was established. In March 2011, Semir clothing was listed on the SME Board of Shenzhen Stock Exchange. The company is a clothing company which is a leading product of a series of adult casual wear and children's clothing. Its main products include the two series of "Semir" and "balbala".

In the first half of 2019, the net profit of Semir apparel buckles was only 669 million, up 8.02% from the same period last year. However, the net cash flow from operating activities plummeted from -831.89 million to -4.18 billion, a drop of 4923.37%. The explanation for Semir costumes is "the increase in the cost of this period and the merger of French KIDILIZ group".

In October 2018, Semir apparel purchased 844 million foreign children's clothing brand KIDILIZ and added 955 new stores. In addition, as of June 30, 2019, Semir clothing inventory balance has reached 4 billion 200 million, an increase of 58.97% over the same period.