Member Info for Moneymunch

04 September 2018

4 September 2018

Bagir Group Limited

("Bagir" or the "Company")

Results of AGM

Bagir (AIM: BAGR), a designer, creator and provider of innovative tailoring, is pleased to announce that at the Annual General Meeting ("AGM") held earlier today, all resolutions were duly passed with the exception of Resolution 9, being a general dis-application of the pre-emptive right under the articles of association with respect to issuing and allotting ordinary shares for up to approximately 10% of the Company's issued share capital.

I haven't seen any large sell trades that suggests any major investor is offloading, and Trump certainly wouldn't have a problem in Ruyi taking a controlling stake in Bagir, an Israeli company with long established ties with the US. Gla ;-)

Chinese textile firm investing US$410 million in US state of Arkansas, creating 800 jobs

Shandong Ruyi Technology Group to invest in Forrest City

PUBLISHED : Thursday, 11 May, 2017, 7:51am
UPDATED : Thursday, 11 May, 2017, 7:51am

Associated Press
Associated Press
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A Chinese textile company announced plans Wednesday to transform a former television factory in east Arkansas into its first North American facility, a $410 million project that’s expected to create up to 800 new jobs in the struggling Mississippi Delta region.

Shandong Ruyi Technology Group said it would begin renovating the 1.4 million-square-foot former Sanyo factory in Forrest City later this year into a facility where Arkansas cotton will be spun into yarn for textile use. The Sanyo factory has been vacant since late 2007, when the company shut down production.

“This is not only great for Arkansas, but it’s ... going to give an economic boost to a region that deserves it and has worked very hard for it,” Governor Asa Hutchinson said at a news conference with company officials at the state Capitol.

Production is expected to begin at the new facility by mid-2018, and the company plans on processing more than 200,000 tonnes annually of Arkansas cotton. Arkansas is providing up to US$4 million in cash incentives and US$11 million in payroll rebates. The company will also receive sales tax refunds on building materials, taxable machinery and equipment associated with the project. The project is also receiving about US$1 million in local incentives.

Lol..last chance this week!!! :-)

to get in sub 3p today i reckon...Gla ;-)

What sell off???...8m sold , 11m bought yesterday, profit takers and impatient traders and no large sell trades after hours etc that would suggest any of the major shareholders were offloading......why would they with the deal in the bag......Gla holders...a no-brainer for significant upside with Ruyi on board....sub 3p will not last for long.....On and UP!!! ;-)

3/9/18

-- The use of the investment by Shandong Ruyi, to directly target expediting the development and expansion of the manufacturing facility in Ethiopia, will significantly accelerate the timetable for the operational potential in Ethiopia to be realised enabling the facility to attract and compete for major apparel manufacturing contracts from large international retailers which generate an acceptable level of return to Bagir.

-- Shandong Ruyi, as a result of its significant international textile and retail investments, is well positioned to provide the Group with significant new commercial opportunities.

-- The strategic partnership has the potential to have a transformational effect on the operations and the prospects of the Group from which all Shareholders and Depositary Interest Holders will benefit.

-- The strategic partnership with Shandong Ruyi will increase the Company's own profile and reputation.

Eran Itzhak, Chief Executive Officer of Bagir said:

"We are delighted to be putting this proposal to our shareholders as we believe it to be transformative, creating a platform from which Bagir has the potential to become a significant player in our market of apparel manufacturing."

Now due this month.....should make interesting reading to see how many corners have been turned since Results were published in March, and should make exciting reading with Ruyi now on board and what near, mid and long term development and expansion plans they will have for the business. Gla Holders.....sub 3p will not last for long. ;-)

07 March 2018, 14:52
Source - SMW

Tailoring provider Bagir Group swung to an annual loss amid falling revenue.

The company booked a net loss of $2.91m, compared to a $9.87m profit in the previous year.

Revenue fell to $51.1m, from $64.1m in 2016, and was offset by operating, administrative and financing expenses.

March 2018

During 2017 Bagir agreed three key transactions which are expected to form the basis of the company's future success," Bagir Chief Executive Officer Eran Itzhak said. "The proposed agreement with Shandong Ruyi being the most material and potentially transforming."

In November, Bagir announced a strategic partnership with China-based textile manufacturer Shangdong Ruyi. As part of the deal, Shangdong Ruyi proposed to invest USD16.5 million in Bagir to accelerate development of its Ethiopian manufacturing facilities.

"From a trading perspective Bagir experienced a challenging year, however, good progress was achieved in developing our key manufacturing sites together with further cost saving initiatives which will ensure we remain profitable and positioned to accelerate especially once the USD16.5 million investment from Shandong Ruyi is completed", Itzhak added.

"2017 was undoubtedly a strategically important year for the business. Looking ahead for 2018, trading conditions are likely to be similar to those experienced in 2017 meaning that the actions taken to reduce costs will be important in order to ensure that the company remains profitable. Alongside this, Bagir will be working to complete the agreement with Shandong Ruyi and invest behind the potential of our manufacturing bases, particularly Ethiopia, so that the Bagir is in the best possible place to be able to compete for the key apparel manufacturing contracts from the worlds' largest retailers."

There's also very often a concerted effort to deter and undermine, prior to a significant re-rate on shares that are just about to.....Gl ;-)

Haven't you been reading my posts...it's only another 2 and half weeks on top of the two weeks require notice period, and why are so you concerned and appear desperate to deter investors ????

The Ruyi effect...Bagir's fortunes will be on an UPWARD trajectory very soon....Gla holders....:-)

FASHION

Trinity blooms under Shandong Ruyi

Retail Asia

28/08/2018

AsiaInternationalTrinity

Menswear retailer Trinity has announced double-digit same-store sales growth in its first half year.

The period coincides with Shandong Ruyi International Fashion Industry Investment Holding taking a controlling interest in the group last April.

https://www.retailnews.asia/trinity-blooms-under-shandong-ruyi/

They certainly do....$16.5m for Bagir...small change for Ruyi.....Gla Holders ;-)

Acquisitive Chinese textile and clothing giant Shandong Ruyi is stretching deeper into the UK high street on a two-year buying spree. In March 2016, it bought French firm SMCP, which operates Sandro, Maje which each have 12 UK stores and Claudie Pierlot, from private equity firm KKR for £1.1bn.

British brand Aquascutum was sold to Jining Ruyi Investment Co, a holding company of Shandong Ruyi Technology Group, for $117m (£95m) in March last year. Previous owner YGM Trading said the sale was prompted by the need for further investment to enhance the labels competitiveness. In November 2017 Shandong Ruyi paid HK$2.2bn (£213.5m) for a controlling stake in menswear group Trinity, which retails and wholesales high-end menswear brands including Kent & Curwen, Gieves & Hawkes and Cerruti 1881.

It bought a majority stake in Swiss brand Bally for an undisclosed sum in February.

"On February 9, Chinese Textile and Garment producer Shandong Ruyi Group completed the acquisition of luxury brand Bally. The transaction details have not been disclosed publicly, but an insider told Bloomberg the price paid was around $700 million."

ps and it's only another 2 and a half weeks...it was always going to take at least 2 weeks for the minimum notice period......now explain your concern, and explain why you've only been registered on Lse for only 7 weeks????

Lol.....why are you so concerned, more importantly???? ;-)

Because an EGM is required for shareholder approval...Ruyi have completed their side of the deal before the full payment of $16.5m is made....Ruyi are now waiting for Bagir's shareholders to approve the deal.

An EGM was always required for shareholder approval and so presumably Bagir have been waiting for Ruyi to supply the necessary details since the partnership was announced in November 2017, Ruyi made a $1.85m payment in January and again in July to show their commitment and confirm that they were serious about the deal, the ball is now firmly in Bagir's court, hence the EGM for shareholder approval, and no doubt a formality with little objection imho to China's leading textile apparel manufacture taking a 54% controlling stake for $16.5m.....this is massive for Bagir and is totally transformational for prospects and potential.....Bagir is heading for the big time with Ruyi on board. Gla ;-)

March 2018
Bagir has prepared the necessary shareholder circular and notice of EGM in order to approve the full investment by Shandong Ruyi Group. As part of the investment, one or more Director(s) will be nominated by Shandong Ruyi to join the Board of Bagir, subject to the completion of the necessary regulatory due diligence.

Since these proposed directors also need to be approved by Bagir's shareholders at the EGM, the shareholder circular and notice of EGM will be posted once Shangdong Ruyi has provided their details to Bagir.

https://uk.advfn.com/stock-market/london/bagir-grp-BAGR/share-news/Bagir-Group-Ltd-Final-Results/76882142

Lol Aimgambler, registered on Lse since 13th June 2018 not one positive post on any share, and knows jack **** about jack****, yet comes on here to deter investor and undermine......ha h ah ha .....ignore the numptie....Ruyi's 54% controlling stake in the business will be transformational for Bagir and its shareholders....Hold on tight for multiples of current sp. Gla ;-)

14 days is the minimum notice required, and so we have to wait 3 weeks longer.....i was expecting a better response to todays news but this will re-rate significantly in due course, very little downside from here unless the deal falls through, which is most unlikely imho....and so i'm more than happy to hold on to my 2.5m for much better things to come...it really is a no-brainer.....Bagir is all set for the BIG time with Ruyi 's 54% controlling stake. Gla holders...Hold on tight and enjoy the ride. ;-)

https://www.drapersonline.com/news/bagir-directors-agree-takeover-by-shandong-ruyi/7031976.article

The Chinese textile manufacturer approached Bagir in June 2017 with conversations initially centred around the Ethiopian operations before widening to the whole business.

Shandong Ruyi is expected to make substantial cost savings from the deal. Itzthak said the numbers spoke for themselves: In China the cost make per suit is $18, which is not duty-free , when it comes to the US, theres an added 28% on top of costs. But the cost per suit in Ethiopia is between $3-$5, and its duty-free to the US and Europe.

https://www.drapersonline.com/news/bagir-takes-aim-at-high-end-market-with-shandong-ruyi-deal/7027739.article

ps and factor in the escalating trade war between China and the US, no doubt Ruyi will be keen to transfer new business and supply contracts to Bagir's 100% owned duty free Ethiopian manufacturing base to take full advantage . Gla ;-)

This is MASSIVE....the AIM tiddler Bagir is now on the World's stage with one of the World's leading players at the helm....Gla ....and don't sell a single share....this will be double figures soon enough. ;-)

· The use of the investment by Shandong Ruyi, to directly target expediting the development and expansion of the manufacturing facility in Ethiopia, will significantly accelerate the timetable for the operational potential in Ethiopia to be realised enabling the facility to attract and compete for major apparel manufacturing contracts from large international retailers which generate an acceptable level of return to Bagir.

· Shandong Ruyi, as a result of its significant international textile and retail investments, is well positioned to provide the Group with significant new commercial opportunities.

· The strategic partnership has the potential to have a transformational effect on the operations and the prospects of the Group from which all Shareholders and Depositary Interest Holders will benefit.

· The strategic partnership with Shandong Ruyi will increase the Company's own profile and reputation