Member Info for Moneymunch

Bagir's duty free Ethiopian factory is about to come even more attractive to Ruyi. Gla ;-)

President Donald Trump is ready to take the trade war with China to the next level, according to a new report.

Bloomberg reported Thursday that Trump has told aides that he wants to follow through on a threat to impose tariffs on another $200 billion worth of Chinese goods as early as next week. This would mean that more than half of all Chinese imports would be subject to tariffs.

The tariffs can go into effect after the public comment period ends on September 6.

The list of goods that would get hit with the tariffs is still being finalized, but the initial list showed a pronounced shift in Trump's trade war strategy. The new list includes many consumer goods such as fabrics and hats, while previous tariffs have focused mostly on industrial goods like machinery.

http://uk.businessinsider.com/us-china-trade-war-trump-wants-tariff-on-200-billion-of-chinese-goods-2018-8?r=US&IR=T

I'm fairly certain that an EGM for shareholder approval is still required before the final payment is made......the Rns 18/7/18 confirmed that Ruyi was committed to provide the necessary legal documentation and Director nominees by 31st which would then enable Bagir to give notice of the EGM......Bagir announced the strategic partnership back in November 2017, and Ruyi showed that they meant business by the $1.65m payment in January......since that time Ruyi have obviously delayed proceedings imho because Bagir had the shareholder circular and EGM notice ready in March 2018.....the delay forced Ruyi to make a second payment in July to show that they were still committed ( 2 x $1.65m non-refundable if they pull out ) and also pledged that it would happen by tomorrow......and so it's a done deal imho and we should have news by Monday at the latest to confirm....the cash is guaranteed to follow just as long as shareholder approval is agreed at the EGM. ...Gla :-)

The Rns 18/7/18 states that Ruyi have committed to deal completion BY 31st, although Bagir's CEO states in the same Rns .... " We are delighted to confirm the completion date ".....which suggests that the 31st was always the agreed date for completion, ie exchange of contracts and nomination of Ruyi Directors......and therefore news tomorrow or Monday at the latest imho. Gl :-)

If not in the know, then maybe just a trader or two, speculating that the sp might drop significantly if news doesn't arrive tomorrow, in the hope of buying back in cheaper.....fingers crossed that they wished they hadn't....Tick Tock;-)

Update tomorrow, on deal completion and nominated Director(s)???....Gla Holders and fingers crossed

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.

" We are delighted to confirm the completion date "

It's a done deal imho and I'm expecting news tomorrow.....Monday at the latest!!! :-)

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."

As per Bagir's published accounts, I'm not expecting any cash until shareholder approval via an EGM which requires 14 days notice, but I am expecting an Rns imminently, confirming deal completion, ie exchange of contracts etc and the the details of the Ruyi Director who will take a seat on Bagir's BoD......Ruyi have committed deal completion on 31st August 2018, and so I'd be surprised if we're not updated by Monday 7am at the latest. Gla :-)

With the expectation of imminent news, 3p plus today is possible if we get a mad dash for shares into close from those who don't want to miss out, or even a mad dash for shares from those in the know, the ones that know a Rns has been logged....watch this space....Gla holders Tick Tock.....................................BOOM!!! :-)

On deal completion and confirmation that China's multi-billion dollar Ruyi have their 54% controlling stake , then every chance this will attract investment from some of the major players in the textile apparel industry as well as those pi's who know a good thing when they see it.....Ruyi will be transformational for Bagir's fortunes and so we could see some significant buying on deal completion that could send the sp pushing far higher than most are expecting or even hoping...with any luck....Gla holders...D Day fast approaching!!! :-)

If cash is King then Ruyi is the Emperor, and so regardless of initial market reaction to deal completion, Bagir's fortunes,prospects and potential will be on a transformational upward trajectory with one of the World's largest textile apparel manufcatures at the wheel, as they develop, expand and ramp up production to take advantage of Bagir's duty free Ethiopian manufacturing base.....Bagir's order book will very likely be filled very soon with significant new business and supply contracts to service Ruyi's Global Empire ...Gla .....On and UP!!! ;-)

Not to sure if we can expect the cash so quickly if an EGM is still required, but confirmation of deal completion on Friday ....ie exchane of contracts etc, guarantees its payment on shareholder approval...Gla :-)

I'd go with that spike912 if it was just the $16.5m cash in the equation, but for me it's Ruyi's 54% controlling stake that will be the real driving force imho....excuse the pun , but this is really a big DEAL for an Aim listed tiddler to have a multi-billion dollar global giant at the helm . Gl :-)

ps not long before we find out, and the upside could surprise us all.......fingers crossed. ;-)

That's my point GW, with the deal confirmed, 3.5p is going to look very cheap imho given the transformational upside opportunity that Ruyi presents.....Gl ;-)

Until deal completion is confirmed, then there's obviously some uncertainty at this stage, infact a few were suggesting a week or so ago at sub 2.5p that there wouldn't be much upside until the deal was confirmed, and have now been proved wrong as the sp nudges 3p, and so what it's worth i think 3.5p is nailed on , on deal completion Rns , and then full market appreciation to follow as the penny drops on the transformational opportunity for Bagir and the positive implications of China's leading multi-billion dollar textile apparel giant taking a 54% controlling stake.....the sp could potentially sail far higher from 3.5p than many realise imho , with the deal in the bag.....Gla holders, fingers crossed that the market is going to love it...On and Up!!! :-)

Delusions of grandeur , condescending, and hypocritical, as he appears to spend all day glued to this share forum so he can make derisory comments.....Gla holders....Get excited as you want....transformational news by Friday...On and Up!!! :-)

I'm sure Ruyi wanted it looking tip top for the increase in traffic that's about to happen. Gla holders Transformational news coming, Significant upside coming. :-)))

Latest batch of profit takers mopped up, and so 3p plus now on the cards to entice the next batch. Gla holders:-)

With the escalating trade war between the US and China, Bagir's 100% owned DUTY FREE Ethiopian factory, already up and running and in production, is no doubt one of the main reasons for Ruyi's interest and commitment to completing the strategic partnership with Bagir, and so given the circumstances Ruyi could take full advantage and RAMP UP production immediately with a flow of new business and orders which would be transformational for Bagir and its shareholders....Gla Holders...D Day fast approaching.....EXCITEMENT BUILDING in anticipation of deal completion expected this coming FRIDAY.....On and UP!!! ;-)

US - CHINA TRADE WAR

Action-time for China?

For Chinese textile entrepreneurs, it is time for action. First, a prolonged trade war would mean US cotton would become costlier, requiring a change in raw material sourcing strategy. Chinese mills would be forced to increase imports from other cotton exporting countries like India, Brazil, Australia and Uzbekistan.

Second, entrepreneurs would have to accelerate the process of setting up manufacturing units in other countries like Vietnam and Ethiopia. Once this is done, higher tariffs on Chinese products would not affect exports of goods made by Chinese companies to the United States, unless these countries also get embroiled in trade wars with the United States by that time.

https://www.fibre2fashion.com/news/textile-news/trade-wars-and-the-textile-industry-243374-newsdetails.htm

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/