Zheng Yutong, The New World Department Store, Entered The Leisure Wear Brand Giordano.

Yesterday, Giordano issued a notice confirming the news of Hongkong fortune merchant Zheng Yutong acquiring company shareholding, and Zheng Yutong also became Giordano's largest single shareholder.

　　 Giordano Net profit increased last year.

According to the announcement, Zheng Yutong bought a total of 218 million shares of Giordano in the OTC deal through its fully controlled Zhou Dafu company, which is equivalent to 14.58% of the issued share capital of the stock, with an average transaction price of HK $4.81 per share, which involved HK $1 billion 50 million. This is Zheng Yutong's first time to become a local garment company in Hongkong, and this news is boosted by Giordano yesterday. Price of stock The market rose by 3.67% to HK $5.93.

Giordano's annual turnover increased by 11.8% to HK $4 billion 731 million and net profit of HK $537 million, up 86% over the same period last year. As the gross profit margin of the company grew by 20% in the first quarter of 2011 and the average price of the product was increased by 5%, the investment bank believed that its gross profit outlook was stable.

Statistics show that Giordano was founded by Hongkong businessman Li Zhiying in 1981. After the withdrawal of Li's company, the shareholding of the company has been in a relatively fragmented state, with only 3 investors holding more than 5% of the fund, including 11.85% of Aberdeen Asset Management, 5.99% of dunpton and 5.56% of Morgan Fulin.

Zheng Yutong's retail Empire

Zheng Yutong, chairman of the new world development, is active in the investment community and participates in the subscription of new shares. Prior to mid March, he bought 272 million Ping H shares of Ping An, China, at HK $19 billion 450 million. Shanghai medicine, which is being invested in Hong Kong, has also been praised by Zheng Yutong. There are also reports that he plans to spin off Zhou Dafu jewelry.

Market participants revealed that Zheng Yutong's stake in Giordano was mainly in the mainland. marketing network 。 Giordano chairman Liu Guoquan said recently that he plans to add 300 new stores in the mainland this year, 70% of which are concentrated in two or three line cities. Giordano realized net profit of 540 million yuan in 2010, the highest in 20 years.

Zheng Yutong retail business territory

Company shareholding ratio

Zhou Dafu 100%

New world department store 72.29%

RIFO international 64.36%

New creation 63.79%

Giordano 14.58%

Emperor watches and jewellery 4.70%

Ming Fung Jewellery 4.21%

Giordano introduction:

Founded in 1980, Giordano was founded by Hongkong businessman Li Zhiying, specializing in the retail of low-grade casual wear, and was listed in Hongkong in June 1991. Giordano provides 20-35 year old consumers with a natural and casual clothing concept and basic and fashion products. After a long period of deep ploughing and hard work, Taiwan has become the leading brand of casual clothing in the eyes of consumers.