Member Info for Moneymunch

ps i'm not selling a single share.......this is totally transformational for Bagir's fortunes and double figures will arrive in the come weeks....the BIG players will be piling in with Ruyi now in the driving seat. Gla :-)

or 5p plus and more.....the AIM tiddler Bagir is about to be taken over by China's leading and one of the World's largest textile apparel manufactures.......this bigger than many realise imho....On and most definitely UP!!!! ;-)))

BOOM Time ahead....Gla Holders.....Bagir is all set for the BIG TIME!!! ;-))))))

Why feel sorry??? Fortune favours the brave.....Gl ;-)

The circular will shortly be available to view at the Group's website hxxp://www.bagir.com/html/Rule.html.

Capitalised terms used but not defined in this announcement have the meanings set out in the circular and in the appendix to this announcement. Further details of the recommended Proposals, extracted from the Circular, are set out below.

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

Bagir Group Ltd
Strategic Partnership and Notice of EGM
RNS Number : 4912Z
Bagir Group Ltd
03 September 2018


3 September 2018

Bagir Group Ltd.

("Bagir" or the "Company")



Proposed Strategic Partnership with Shandong Ruyi and $16.5 million investment

Posting of Circular and Notice of Extraordinary General Meeting



Bagir (AIM: BAGR), a designer, creator and provider of innovative tailoring is pleased to announce that further to its announcement on 23 November 2017, that it had agreed terms with Shandong Ruyi Technology Group for a proposed investment and strategic partnership under which Shandong Ruyi will invest $16.5 million into the Company in return for 359,560,310 New Ordinary Shares representing 53.7 per cent of the Company's Enlarged Share Capital. The Company has today posted a circular to its shareholders containing further details of the Proposed Investment and notice to convene an Extraordinary General Meeting at which the resolutions required to enact the Proposals will be tabled.



The Proposed Investment values each New Ordinary Share at approximately 3.5 pence per Ordinary Share and represents a premium of 155 per cent. to the mid-price at 12:10 on 20 November 2017, being the point at which trading in the Ordinary Shares was suspended ahead of the announcement of the Proposed Investment on 23 November 2017.



The Board considers the Proposals and the passing of the Resolutions to be in the best interests of the Company, its Shareholders and its Depositary Interest Holders as a whole for the reasons set out below:

· 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.

Accordingly, the Directors unanimously recommend that you vote in favour of the Resolutions to be proposed at the Extraordinary General Meeting as the Directors, who have an interest in Ordinary Shares, have irrevocably undertaken to do in respect of their own and connected persons beneficial shareholding.

The Extraordinary General Meeting is to be held at the offices of N+1 Singers, One Bartholomew Lane, London EC2N 2AX at 10:00 a.m. on 9 October 2018.

Of course we'll have an Rns confirming AGM resolutions are passed as there always is following any AGM, but that has no connection to the Ruyi deal......and so update Monday imho.....Gl ;-)

Presumably Bagir arranged their AGM for Tuesday in the knowledge that Ruyi would complete on Friday and they would update the market on Monday. Gla ;-)

The chart couldn't look more primed for a significant rise on imminent transformational news....Perfecly Poised....Gla Holders...;-)

Lol..... Good news won't be good news for those that have recently sold their shares......Gla Holders....Hold on tight for transformational news and significant upside....Tick Tock......................BOOM!!! ;-)

A done deal, if there ever was one....Gla :-)

18/7/18

Chief Executive Officer of Bagir, Eran Itzhak, said "Shandong Ruyi is a global leader in our sector and their decision to become our partner and majority shareholder fundamentally changes the future prospects of Bagir. We are delighted to confirm the completion date and announce Shandong Ruyi's further financial commitment to the transaction."

Today or Monday.....Transformational news coming....Gla holders:-)

Lol.....looks like a few will have to pay a premium if they want back in....Ho Ho Ho....Gla holders On and Up!!! ;-)

Deal completion expected today, and so if the Chinese are in town to sign on the dotted line, then 3p plus today regardless of when the Rns arrives....Gla Holders.....On and UP!!! ;-)

and so why do you refer to it as a dump, and why were you suggesting 1.8p????????

BIG BOUNCE COMING.......don't let the snakes in the grass mug you off......Gla Holders......)

Lol anyone would think that some have already sold hoping for a drop....Ho Ho Ho.....talking down your own share is highly suspect......Lets hope they're going to get caught with their trousers down and are going to get their arse smacked good and proper......ha ha ha .....:-)

Lol...I would be very surprised.....in fact I wouldn't be surprised if this hits 3p plus today on no news....Gla holders...Hold on tight for significant upside.....Deal completion news imminent!!! :-)

Deal completion expected today and so news could drop at anytime, Monday at the latest if the Chinese are in town. Gl :-)

"Employees inspect suit jackets at a factory operated by the Shandong Ruyi Technology Group in Jining, China,"

Risks to external demand from the trade tensions appeared in the data, highlighting the uncertainties for Chinese factories. President Donald Trump wants to move ahead with a plan to impose tariffs on $200 billion in Chinese imports as soon as a public-comment period concludes next week.

New export orders dropped to 49.4, the lowest level since February, when the Chinese New Year disrupted production.

https://www.freemalaysiatoday.com/category/business/2018/08/31/chinas-factories-show-resilience-amid-danger-from-trump-tariffs/?fmt=1