Following the listing of Septwolves, known as the "Men's Pants Experts," said the nine animal husbandry approval by the SFC will soon visit the Shanghai Stock Exchange. The company intends to issue 120 million A shares, accounting for 20.94% of the total issued share capital, sponsor CITIC Securities 25-30 times the price given to the stock price-earnings ratio, corresponding to a reasonable valuation range of 22.53 yuan / share to 27 yuan / share. Raised funds are mainly used for marketing network and supply chain, information system upgrade, design R & D center and other projects. If the valuation of 22.53 yuan / share limit, the nine animal husbandry chairman Lin Congying market value will reach 7.604 billion yuan, Lin Cong-ying and its family members have held nine animal husbandry king market value will reach as high as 10.205 billion yuan. Nine family animal husbandry king is a domestic business casual men's brand business, Main men's pants, jackets and other apparel products. Since 1992, the company has been committed to "King of the brand animal husbandry" to build the first brand in China's men's trousers market. According to the statistics of China National Commercial Information Center, as of 2010, the overall market share of JiuMin Wang trousers ranks first in the country for 11 consecutive years. The overall market share of the jackets ranks second in the country for three consecutive years. In 2010, the company's male Pants market share of about 11.41%. Nine animal husbandry chairman Lin Congying is the founder and actual controller of the nine animal husbandry king. Public information, Lin Congying was born in 1960, CPPCC Standing Committee of Jinjiang City, vice president of China National Garment Association, vice president of Fujian Province Federation of Enterprises and Entrepreneurs, vice president of Fujian Province apparel industry associations, Quanzhou Textile and Apparel Association President, vice president of Jinjiang Charity Federation. In 2005, the animal husbandry King won the "double top 100 garment enterprises," the title; the same year Lin Congying was named "private entrepreneurs in Quanzhou Yuanxun." In 2005, Lin Congwei won the title of "50 Chinese trademarks." Prospectus data show that in recent years, nine animal husbandry King operating income and net profit continued to grow steadily, the company in 2008, 2009 and 2010 operating income was 1.23 billion yuan, 1.4 billion and 1.67 billion yuan, net profit was 193 million yuan , 258 million yuan and 360 million yuan. In each of the above periods, the Company's sales of men's trousers accounted for 53%, 54% and 55% of its revenue from its main business. It is understood that nine animal husbandry king sales market is mainly concentrated in the domestic one or two cities, sales terminals to the mall counters and stores dominated by direct sales and join the combination of two sales model. At present, its huge sales network has covered key districts in major cities in 31 provinces, autonomous regions and municipalities directly under the Central Government. By the end of 2010, the number of sales terminals reached 2,710, of which 645 were directly operated terminals and 2,065 joined terminals. It is reported that nine animal husbandry King this plan to raise funds of about 1.647 billion yuan, of which 13.2 billion yuan to be used to build 338 stores, an increase of 82,000 square meters of business area. After the project is expected to be implemented, the company's sales channel stability and control is expected to significantly improve the store will cover the vast majority of 12 cities and some developed regions in three cities. In addition, the company's supply chain, information system upgrades and R & D investment and other construction projects designed to further expand and improve the existing system of design and development, improve the level of design and development, improve the company's supply chain management and rapid response capabilities. Before the listing of exposure to the nephew pro quasi production nephew war road show was uncle nephew equity dispute, which makes the well-known men's trousers brand nine animal husbandry King is "injured." Yesterday, JiuMin Wang shares inquiry roadshow in Beijing, shanghai and shenzhen three, at the same time, issued a clarification announcement, "the company equity is clear, there is no dispute and controversy." In March this year, the animal husbandry King passed the listing of the SFC audit, And in November this year, the official prospectus. However, on the afternoon of May 10, a report of 703 words appeared in the Inside Story of Fenghuang Wang Financial Channel. Informed sources said that Lin Congying illegally seized the billions of assets of his uncle Lin Qiren. At the end of the article, Lin Qiren was also given to China SFC's letter and other relevant information photocopy. According to the above materials, Lin Congying, the current Chairman of Jiuhient Wang, has taken illegal measures to seize the 80% equity and effective control of the former chairman of the board of directors and his uncles uncle Lin Qiren on Fujian Jinjiang Jiuyang Wang Garment Co., Ltd. Nine animal husbandry king is not the first time preparations for listing, as early as preparation for listing in 2007, Lin Qiren had sent a letter to China Securities Regulatory Commission and Shanghai Securities Regulatory Commission on the listing of nine animal husbandry objection. After that, the animal husbandry King proposed to be listed in Hong Kong, Lin Qiren made another statement was adopted by the Hong Kong Securities Regulatory Commission, the listing of the nine animal husbandry king failure. Yesterday, the animal husbandry king issued an urgent clarification announcement said that the relevant media reports described in "Fujian Jinjiang Jiuhmo Wang Garment Co., Ltd." is the actual controller of the control of the animal husbandry King Lam controlled other companies, not the main body of this issue of listed companies, since 1999 no longer engaged in Clothing business.
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