First Acquisition Of Capital In The Functional Textile Industry

　 In April 28th, the leading enterprise of functional textile industry, Kang Bai holding group, announced that it had successfully acquired Shanghai and bedroom products Co., Ltd.

The listed company, which has just successfully landed at the Hong Kong Stock Exchange in 2010, is emerging as a new function. textile The brand of the industry has already sounded the horn of capital integration in the industry.

It is understood that Kang Bai Holdings (Group) Limited by Share Ltd is united in Hongkong. exchange In March 9, 2011, the Limited by Share Ltd listed on the Hongkong Stock Exchange announced the purchase of Shanghai and bedroom products limited in Qingpu, Shanghai. In accordance with the relevant provisions of the listed companies, Ouyang Zhuonan commissioned and authorized the first acquisition of Shanghai and also by the Kang Bai holding company, and transferred the Shanghai and the shares to Kang Bai holdings unconditionally through the due diligence investigation of Kang Bai holdings. The proportion is over 52%. The acquisition of Shanghai was another acquisition after last year's acquisition of Dahua Jinchen.

According to the domestic authoritative functional products Expo "the Eleventh China International Health Industry" exposition Hong Fei, the head of the organizing committee, said that China's functional textile industry has reached the annual output value of about 200 billion yuan, and its annual sales increased by more than 15%. It has become an important new direction for the knitting and home textiles industry. However, the strength of the industry is scattered and the brand strength is weak. Therefore, it is imperative to integrate the industry through the capital market. The merger of Kang Bai holdings should be the first merger in the industry.

Kang Bai group was founded in 1999. After 10 years of development, it has developed into a brand enterprise with 2000 stores and annual sales of nearly 2 billion yuan. Its functional bedding series products occupy a large market share in the industry. The company responsible person said, Kang Bai has a wealth of products and a large number of franchisees and customers. With the increase of franchisees and customers, new products need to be launched. Shanghai and also have more than 60 products with independent intellectual property rights, which can enrich the product series of Kang Bai. At the same time, some products can fill the gap of Kang Bai products.

Experts believe that the merger behavior of Kang Bai has a demonstration effect, and functional textiles have ushered in the era of leading enterprises of more than ten billion yuan.