On Saturday, The Shares Were Listed And Transferred To The Shoe Company

Recently, Footwear Enterprise Saturday Co., Ltd. announced that it would transfer 100% of the equity of Foshan Saturday Shoes Co., Ltd. (hereinafter referred to as "Saturday Shoes"), a subsidiary of Foshan Saturday Shoes Co., Ltd., by listing, and the base price of the first listing transfer would not be less than 602 million yuan.

This means that the former "women's shoes first stock" will completely divest the former main footwear business and turn to social e-commerce business, and the transformation of Saturday's light asset operation mode will be further.

According to the announcement, the base price of transfer for the first time listing is based on the assessed value of shareholders' equity corresponding to the 10% equity of Saturday Shoes held by the company, which is 602.046 million yuan, and the corresponding payment period of transfer funds should not exceed 12 months. If the first listed transfer fails to collect qualified intended transferees or the final transaction fails, the above equity will be transferred for the second time at a base price of not less than 80% of the first listed transfer base price, and the corresponding transfer payment period shall not exceed 12 months. If the second listing transfer fails to collect eligible intended transferees or the transaction fails, the above equity can be transferred on the basis of not less than the base price of the second listing transfer, and the final transaction mode shall be subject to the situation at that time.

It is understood that Saturday Co., Ltd. is the first shoe company listed in A-share market, known as "the first share of women's shoes". Its brands include ST&SAT, FONDBERYL, SAFIYA, SATURDAY MODE, D: FUSE, etc. After the equity sale of the footwear industry on Saturday, the related businesses of the above footwear brands may also be transferred synchronously.

However, for Saturday, the shoes business has been losing money in recent years, and the epidemic has also increased the difficulty of operation and the inventory of shoes. The social e-commerce business involved in the Yuanwang network of the subsidiary has a positive impact on the revenue, so abandoning the footwear business is also a timely stop loss option.