RE: Read fully the RNS and research!!!3 Sep 2018 13:07
totally agree
Sadly, AIM "investors" want overnight baggers, and don't like to wait it out seeking immediate returns elsewhere.
IMO, this is just the beginning of a massive re-rate, we're back in the blue and I'm sure as days pass and the resolutions at the meeting are passed with the seller gone, this is only going to go one way.
welcome to AIM Shandong
Some of the recent notable acquisitions and/or investments made by the Shandong Ruyi Group include:
· SMCP SAS - The Shandong Ruyi Group acquired a controlling stake of SMCP SAS for €1.4 billion in April 2016. SMCP SAS is a high fashion conglomerate, based in France, with over 1,200 stores across 36 countries consisting of apparel and accessories brands Sandro, Maje and Claudie Pierlot. Following the acquisition SMCP SAS accelerated its global expansion plans and in October 2017 listed on the Euronext Stock Exchange;
· Invista's Apparel & Advanced Textiles business - The Shandong Ruyi Group acquired the Apparel & Advanced Textiles business, a US focused manufacturer and retailer with brands including Lycra and Coolmax, from INVISTA, a subsidiary of Koch Industries Inc., in October 2017 for $2.7 billion;
· Aquascutum - The Shandong Ruyi Group acquired British heritage brand Aquascutum from YGM Trading Limited for $117 million in March 2017; and
· Trinity Limited - The Shandong Ruyi Group acquired 51% of Trinity Limited for HK$2.2 billion in November 2017. Trinity Limited is a Hong Kong based businesses, listed on the Hong Kong Stock Exchange, and operates as a menswear wholesale and retail retailer across China, Hong Kong and Macau, Taiwan and Europe and owns a number of international high profile brands, including Gieves and Hawkes, Kent and Curwen, Cerrutti 1881 and D'URBAN.
In addition to acquiring controlling stakes at the retail end of the textile value chain the Shandong Ruyi Group has also invested heavily in manufacturing, with recent notable investments including:
· The Shandong Ruyi Group, in May 2017, announced a $410 million investment to renovate the vacant 1.4 million-square-foot cotton spinning Sanyo factory in Arkansas; and
· The Shandong Ruyi Group, in October 2017, announced it had signed a Memorandum of Understanding with the Kano State Government to invest $600 million in order to establish a textile industrial park in Nigeria.
calibre of the new board is top notch as well
Chenran Qiu Non-executive Chairperson
Yuanshu Du Non-executive Director
Kelvin Ho Non-executive Director
Qiang Cui Non-executive Director
Dajun Yang Non-executive Director