"Silence" For Many Days, Busen Shares Finally Issued A Big Move.

Busen shares also issued a number of announcements, involving investment and termination of the project, the company's pformation and changes in board of directors and many other important issues.

As the Busen stock that has changed hands, the investment contracted in the clothing field is not surprising.

Busen shares just released three quarterly report shows that traditional clothing business has long been difficult.

In recent years, the overall situation of the apparel industry is down, and the industry is fiercely competitive and profits are declining.

If we continue to invest in larger capital to build this project, it may lead to waste of resources and some function idle after completion, which is not conducive to cost control.

In the announcement about the recruitment and investment projects,

He said he decided to terminate the construction project of the annual production line of 400 thousand medium and high grade jacket production lines.

Previously, the project planned to raise funds by 53 million 650 thousand yuan, and as of September 30, 2016, it has raised funds of 33 million 632 thousand and 600 yuan, mainly for payment of project funds.

In addition, Busen shares also announced that the subsidiaries of Tongling Busen and Hefei Baima clothing city shops, Chengdu Shangdu clothing Plaza shops were pferred to the former major shareholder Busen group.

Announcing contraction

At the same time, Busen shares also announced that it intends to inject 120 million yuan to set up a wholly owned subsidiary, "Beijing Xinghe gold clothing information technology Co., Ltd." (referred to as "Xinghe gold clothing"), the company's positioning is "SME financial manager", committed to providing one-stop financial services for SMEs, and has a positive driving significance for the company's future industrial integration.

In this regard, analysts pointed out that the two types of business "one by one" means that Xu Maodong and its galaxy will officially start Busen shares "surgery".

Xu Maodong's control of Busen shares earlier.

It was also exposed.

As early as 2005, Xu Maodong embarked on the layout of the industrial Internet. Until this time, when it was surfaced, it had 200 Internet member companies, covering 16 industries, and the net profit in 2015 was 2 billion 670 million yuan.

Recently, the one-stop service platform of the Star River has also been declared open to the public.

In addition to Busen shares, the galaxy also controls Tianma shares, WOWOlimited, and other listed companies. It also owns 5% stake and Chinese online equity that has been acquired by giant dragon management.

Besides announcing the establishment of "Beijing Xinghe gold clothing information technology Co., Ltd.", Busen shares also issued several announcements on changes in board members.

Notice that Wang Yu, Zhang Xinmin, Wang Taian, Li Lianda, Huang Leying and other five directors, for personal reasons to apply for resignation as director of the company.

The company also said that Xu Maodong, Li Xiaoyu, wejing Han, Xu Xiangyang and Yang Lijun would be selected as independent directors of the company.

The announcement shows that the above five people are in the company of the star river company. Among them, Li Xiaoyu and Busen's actual controller Xu Mao Tung are Uncle nephew relations.

In November 15th, Jingdong group announced that it would spin off Jingdong financial independently, while rumors about ant gold clothing and Lu Jin's listing have been heard all the time, and now a "Star River suit" has been added.

In this regard, analysts pointed out that the Xu Maodong personally set up the establishment of Xinghe gold clothing, should be planning for a long time to prepare, but the announcement revealed that the limited amount of information, it is difficult to see the positioning and the way of Xinghe gold clothing.

But relying on Xu Maodong and his galaxy, only 500 thousand of its small and medium enterprises and its more than 200 Internet companies have a large imagination.