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From Advfn...Gla :-)

harrissen

28 Aug '18 - 08:36 - 1183 of 1184

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Update early this week with possible blockbusting news of hostile offer to buy out bagir in full coming from Shandong Ruyi competitor.

moneymunch

28 Aug '18 - 08:51 - 1184 of 1184  Edit

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Now that would be a turn it for the books as well as the sp....where did you hear that from Harrissen??? :-)

Looking very good.....Gla Holders....On and UP!!! ;-)

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."

Indeed, a significant amount of cash for an AIM tiddler that's also going to have a multi-billion dollar partner with a 54% controlling stake, which will be truly transformational for Bagir's fortunes imho...... i expect the two $1.65m down payments are safely tucked away, as both are refundable without shareholder approval, although i'm sure there will be no objections and i expect Bagir's legal team is eagerly awaiting Ruyi's legal team ( along with the rest of us ) to provide the necessary documentation to confirm deal completion this Friday , including the details of a Ruyi Director who will sit on the Bagir BoD, . .....and so we should see a Big week ahead in anticipation..... 3.5p just for starters on confirmation and no doubt much much more to come....double figures more than likely in the not too distant, as Ruyi fills Bagir's order book with new business and supply contracts. Gl ;-)

$16.5m for Bagir...small change for Ruyi.....Gla ;-)

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 €1.3bn (£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 label’s 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."

Lol...of course i'm still here supernath, and holding my 2.5m shares tightly......D day fast approaching!!! Gl ;-)

Bagir's 100% owned duty free Ethiopian factory, already up and running and in production, is no doubt the main reason for Ruyi's interest and commitment to completing the strategic partnership with Bagir, and so given the circumstances Ruyi could take full advantage immediately, which suggests that the deal is a done deal imho. gla ;-)

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

A done deal...Gla ;-)

Shandong Ruyi is a leading Asian global textile manufacturer and under the proposed strategic partnership will invest $16.5 million to acquire c.54% of the Company's enlarged issued share capital and will subscribe for 359,560,310 new Ordinary Shares at approximately 3.5p per share as of today's exchange rate.

Further details are contained in Bagir's announcement of 23 November 2017.

The Company is pleased to announce that Shandong Ruyi has committed to complete the transaction by 31 August 2018 and has also paid a further $1.65 million, which has been received by the Company on 17 July 2018, in addition to the initial payment of $1.65 million that was received on 9 January 2018.

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."

Shandon Ruyi have already made two commitment payments of $1.65 in January and again in July ( ie last month ), and given the escalating trade war between the US and China, Ruyi will be covering all eventualities as Trump gets ready for a $200 Billion Dollar trade war with China.....Bagir's duty free Ethiopian factory offers Ruyi the perfect opportunity to reduce manufacturing costs but more importantly , side step the looming trade war and so Ruyi no doubt would be keen to exploit and utilise Bagir's factory to full capacity and beyond ....No guarantees that the deal will happen of course but there lies the transformational opportunity, and given the circumstances, the risk reward looks firmly in our favour imho....and we're going to find out next week........and if Ruyi confirm deal completion and full payment of the $16.5m balance thereafter, then Bagir's sp is likely to rise significantly.....3.5p just for starters and potentially much much more with one of the World's largest textile apparel manufactures taking a 54% controlling stake....the expansion of Bagir's Ethiopian factory and the flow of new business and orders from Ruyi to Bagir could eventually see the sp many multiples of 3.5p in due course.... Exciting times for those INVESTED!!! ;-)))))

https://www.scmp.com/business/companies/article/2157663/trade-wars-tariffs-may-spur-relocation-some-chinese-textile-factories-other

https://www.fibre2fashion.com/news/textile-news/us-china-trade-war-soars-with-new-tariffs-from-both-sides-244145-newsdetails.htm

The Ruyi effect....Bagir can expect something similar with Ruyi's 54% controlling stake in the business.....the Ethiopian duty free manufacturing base will no doubt be top priority for Ruyi to cut costs and side step the escalating US - China trade war to increase exports to the US as well as Europe, not to mention Ruyi's home grown Chinese market. Gla On and UP!!! ;-)

(Hong Kong, 23 August 2018) - Trinity Limited ("Trinity" or the "Group"; stock code: 891), a leading retailer and owner of premium menswear brands in Greater China and Europe, as well as licensing its wholly-owned brands globally, has today announced its first interim results for the six months ended 30 June 2018 after the introduction of Shandong Ruyi International Fashion Industry Investment Holding Company Limited ("Ruyi") as the controlling shareholder of the Group in April this year

"The recent licensing arrangements between Trinity and Ruyi will further strengthen the presence of our premium brands, Cerruti 1881, Kent & Curwen and Gieves & Hawkes, in key European markets and enable the Group to refocus its resources to develop its core business in Greater China region. Capitalising on Ruyi's international exposure and experience, we are confident that Trinity will further consolidate its position globally and further penetrate the Chinese Mainland market".

Around the corner

The Group has also undertaken restructuring of its global retail network by reducing non-performing stores and streamlining operating costs. While a notable improvement in same-store sales has been observed during the review period, the Group expects the turnaround to continue in the remainder of the financial year. The licensing agreement with Ruyi will further bolster market activities of its self-owned brands in Europe.

Advancing an omnichannel strategy to unlock the next realm
Aside from Trinity's efforts, Ruyi has established a strategic partnership with Secoo Group subsequent to the review period. The synergies thereby generated are expected to reinforce Ruyi's e-commerce channel in China and provide an effective online presence for Trinity's premium menswear. The Group is continuing to strengthen ties with leading e-commerce platforms and utilise social media channels to deliver specially-tailored experiences to consumers.

http://www.irasia.com/listco/hk/trinity/interim/2018/intpress.htm

and no doubt Ruyi could also exploit and utilise the following to expand Bagir's on line potential.. Gl ;-)

Sizer Technologies Signs a Strategic Agreement with the Bagir Group, Manufacturer of Innovative Tailored Fashions

News provided by
Sizer

Mar 12, 2018, 10:00 ET

Share this article

HERZELIA PITUACH, Israel, March 12, 2018 /PRNewswire/ --

Sizer Technologies has recently entered into an agreement with Bagir, designer, creator and provider of "innovative" tailoring, to combine the expertise of both businesses to produce "made to measure" suits and other tailored garments for customers who provide their measurements online via the Sizer body measuring app. Sizer, obtains accurate measurements of its users, and is then able to provide accurate size recommendations when shopping either online or instore. The app, via a mobile device camera, directs the user to take several photos in specific poses which are then converted into accurate measurements. To date, measurements have been provided to purchase non-tailored garments. Through the partnership with Bagir, the Sizer app will be developed to enable customers to buy a made to measure tailored suit or other tailored garments at a very attractive price point compared to the cost of buying the same suit from a traditional tailor.

https://www.prnewswire.com/news-releases/sizer-technologies-signs-a-strategic-agreement-with-the-bagir-group-manufacturer-of-innovate-tailored-fashions-676546523.html

Textile and Clothing Industries Can Drive Africa's Industrialization
............

Ethiopia is a great example. With the objective of generating USD 30 billion in export revenue from the textile apparel and accessories (TA&A) sector by 2030, the country is investing in industrial parks to accelerate textile production and the country's productivity as well as developing a heavy industry that will allow its full industrialization by 2025.

https://allafrica.com/stories/201808230920.html

Lol..Cheers Taff, it really does look like a no-brainer and Bagir's fortunes could grow expotentially and be totally transformational for those invested with Shandong Ruyi on board. Gl :-)

Lol Taff, supply and demand...try buying 3m shares and see what you'd have to pay for them, let alone 350m.....Gl ;-)

ps and with the US - China trade war gathering pace, what better way for Shandong Ruyi to side step any resulting surcharges and import/export duties via Ethiopia's duty free exprt to the US and Europe on the back of an Israeli UK Aim listed company....and so chances are Shandong could accelerate their development plans to take full advantage. Gla Holders ...On and UP!!! ;-)

Not long to go before one of the World's largest textile apparel manufactures, a multi-billion dollar Chinese State backed company, takes a 54% controlling stake in an Aim listed company with a current market cap of £7m.....now i can't think of many other similar opportunities, still under the radar to many, where at a stroke of a pen Shandong Ruyi could transform Bagir's fortunes by re-directing and transferring some of their multi-million dollar global supply contracts to Bagir's 100% owned Ethiopian manufacturing base, the most cost effective any where in the World......

In China the cost make per suit is $18, which is not duty-free , when it comes to the US, there's 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 )

....can you imagine the market response if a multi-billion dollar global company was planning to take control of an Aim listed tiddler in the Software and Computer, or Oil and Gas or Financial sectors etc ????.....

Shandong Ruyi's initial $16.5m investment priced at 3.5p a share, is just the start in the rise of Bagir's fortunes , the real upside will follow as Shandong unveil their plans for the development and expansion of the Ethiopian factory and the implications this will have on transforming Bagir's future sales revenues and potential growth.....3.5p just for starters and many multiple of 3.5p more than possible. Gla Holders...exciting Times!!! ;-)

Lol...it's Madness...Bagir Trousers!!! On and Up!!! :-)

Great to see the sp on the move....this has always been a no brainer, and potentially a multi-bag when Shandong unveil their plans and start filling Bagir's order book with new business and supply contracts....it's going to be BIG!!! :-)

Shandong Ruyi are paying $16.5m for a 54% controlling stake in Bagir, Shandong Ruyi is China’s biggest textile apparel manufactures and one of the World's largest, the potential upturn in Bagir's fortunes is likely to be as new and existing business is transferred to Bagir's Ethiopian factory...the upside in sp could be many multiples of 3.5p in the not too distant...Gla holders Exciting times ahead:-)

2.4p if you want some. ...Looking good....Gla :-)

3.5p just for starters and much more to come as Shandong develops and expands Bagir's 100% owned Ethiopian factory to service Shandong’s global textile empire. Gla :-)

Shandong Ruyi is a leading Asian global textile manufacturer and under the proposed strategic partnership will invest $16.5 million to acquire c.54% of the Company's enlarged issued share capital and will subscribe for 359,560,310 new Ordinary Shares at approximately 3.5p per share as of today's exchange rate