Seize the opportunity of economic adjustment Younger wants the global draft

Youngor believes that the current global economic adjustment is a good time for mergers and acquisitions.

"I just came back from the United States. The United States has opened a lot of orders for me. Many companies have very low prices. They don't want to do it." A few days ago, at the China Made in China 2008 event, Chairman of Youngor Group Co., Ltd. Li Rucheng told reporters. Not long ago, when the two presidents of the US Goldman Sachs visited Youngor, they also provided many brands for Youngor’s “shopping”.

Recently, Youngor has taken the first step in the global mergers and acquisitions. In February this year, it completed the settlement procedures with the KELLWOOD Company of the United States on the asset list of the Hong Kong Xinma Group. This M&A is by far the largest overseas acquisition of China's textile and apparel industry. Recently, under the influence of many factors, the trend of global economic adjustment is obvious. Li Rucheng believes that this adjustment is a very favorable opportunity for Youngor, but he also expressed that Youngor needs to be cautious when carrying out international mergers and acquisitions. However, "it has been difficult for domestic mergers and acquisitions so far, because many domestic companies are still in the entrepreneurial stage, the general entrepreneurial stage will not sell the company."

"Why did you look for Youngor and not look for other companies, because Youngor has a solid asset. I now have more than 10 billion financial assets in my hands at any time," Li Rucheng told reporters. In 1979, Youngor, a young man who went to the countryside to invest 20,000 yuan, has now developed into the world’s largest garment base with excellent equipment and functions. The group’s assets exceed RMB 10 billion, especially in the real estate business and investment business. Entering, Youngor made a profit and became one of China's most powerful clothing companies. Some industry sources told reporters that in the past 30 years, their accumulated funds in the apparel industry is about 5-6 billion yuan, and CITIC Securities' investment has allowed it to make more than 10 billion yuan profit. It can be effective only with the more than 100 billion yuan of funds. Integrate the Chinese garment industry.

Li Rucheng also said that as a garment manufacturing piece, he estimates that the investment will not be too big. They are more concerned about channel investment, investment in research and development capabilities and brand mergers and acquisitions, and mergers and acquisitions between companies will be the main input. He also said that the next direction of mergers and acquisitions is not just clothing, but clothing, real estate, and equity investment are all done. “There is no primary or secondary relationship between apparel, real estate, and equity investment. Clothing is our basic industry. Real estate is our future growth industry. , Equity investment is our exploratory industry." And for the rumors of the real estate industry split Youngor, Li Rucheng denied.