BELLE International (HK) Purchases Shanghai Yong Xu Shoe Factory For 563 Million RMB
At 10:35 on November 19, 2007, BELLE International announced that the total rights and interests of the Shanghai real estate shoe maker, Yong Xu, were 563 million yuan.
In November 19th, BELLE International (1880), following the acquisition of shoe maker Jiangsu Sunda 1 billion 600 million yuan earlier, announced that the company would further disclose all the rights and interests of the Shanghai real estate shoe maker, Yong Xu, in 563 million yuan.
BELLE International said that the acquisition of Shanghai Yong Xu could produce and process footwear products, including components, accessories, accessories, assembly and post processing.
The company said that after the acquisition, the group's capacity and storage capacity will be greatly improved to improve the efficiency of its vertically integrated business model.
The company pointed out that the net assets audited by Shanghai Yong Xu as at the end of December 06 were about 13 million 180 thousand yuan, and a net loss of 15 million 620 thousand yuan was approved at the end of December 06.
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