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Matsuoka owners out of the textile industry to focus on printing paper by ferujkll sdff
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Matsuoka owners out of the textile industry to focus on printing paper |
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Business,Business News,Business Opportunities
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Matsuoka (600555) 25 notice, allocated the proceeded increase inside energy prices, labor costs, slighter sell products tax rebates and additional factors, the section announced towards transmit the bulk shareholder of Japan Matsuoka Matsuoka Co., Ltd. (Group) Co., Ltd., three the corporation 500 million yuan typed substance and assets, the company's control enterprise inside the future shall focus on onto exact estate, printing, paper, trade, and so on.
Notice introduction, Matsuoka Matsuoka company accurately held 75% stake within the Group and fastened assets, the company subsidiary within Hong Kong held by Matsuoka Huamao Group Limited 25% stake within the company directly Rich Development Co., Ltd. Jiaxing Song keeps 75% of the budgets and joined assets, the Company belongs towards subsidiary of Hong Kong, Shanghai Matsuoka Huamao Co., Ltd. held Apparel Co., Ltd. 25% of the allowances and related resources shifted inside the direction of shareholders Matsuoka Co., Ltd. of Japan. These three are wired towards transfer of articles and furnishes of the corporation and its guideline enterprise area are coerced towards clothing compounds processing, manufacturing, sales and export enterprise chiefly inside the direction of observe a faith shareholder inside Japan, Matsuoka Co., Ltd., demonstration demands and marketed back inside the direction of Japan. Announcement communal illustrates that the snare revisit onto assets inside 3 monetary gatherings were less than 2%, tactic declining.
Company said the salaries for shall own a positive outcome onto the company. First, rallying June 1 shall be another proceed within 74 continent Textile Export revenue, the profitability of the three economic gatherings shall farther decline, and timely disposal of articles and related assets, the corporation spoilt a possible threat within the future of definite assets. Secondly, Matsuoka Co., Ltd., related transactions shall no longer exist. Our chief enterprise will harden on actual estate, printing, paper, trade, and so on. In addition, again the sale of equity assets, the joint project will receive come complete 500 million yuan of funds, augment the monetary assembly inside the future towards greet latest wage expansion point.
Mid-2004 the corporate claimed, monetary sets face the publishing investments inside a awareness of nurtured strive in the industry, with corporations in technology, worth and service, selling and other advantages, productively installed a mighty paddock at the publicity paper position. In 2004 the corporate realised sales of 230 million yuan liberating business, entire wages margin 27.13%, whereas clothes sales and processing whole margin was 10.15%.
Data seem that finances in securities can not recoup because the joint task arose tight liquidity situation. As of the end of 2004 as firms and subsidiaries of securities firms in dual concede as accurate sectors and deposit the account lot can not be recovered, the business was curbed in the direction of provision for a entire of 529 million yuan of horrid obligation and impairment, net profit for the 2004 - 53.5 million yuan. As commercial constraints, Matsuoka upward to date moves of assets frequently. December 2004, the business held by the Zhejiang Huasheng Garments Co., Ltd. 75% of the narrative shift to the prosperity of Hong Kong Limited, shift the measure of 52.328 million yuan; will be held by the Mao-Lu Shanghai Trading Co., Ltd. 75% of the commission move to the out-of-doors POINTWELL INTERNATIONAL CO LTD companies, shift charge 62.085 million yuan. Transfer of funds to junction company liquidity.
Today pronouncement tips to be Matsuoka Co. Ltd. was the monetary institutions, financial support, the company will relationship with the detail move agreement, gestured within 60 days beyond the equity transmit agreement, the acquirer Matsuoka Co., Ltd. of Japan will be a one-time finances buy the acquisition section. I am an expert from China home garden manufacturers, usually analyzes all kind of industries situation, such as nickel plating equipment , ethylene acrylic acid.
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