Home / Knowledge / News / Textiles / Shanghai Tiancheng to sell 100% stakes of Zhejiang Baorun
Shanghai Tiancheng to sell 100% stakes of Zhejiang Baorun
02
Feb '11
As per the terms of the announcement made on the Shanghai United Assets and Equity Exchange, Shanghai Tiancheng Venture Capital Co, a company held by China Resources is intending to sell 100 percent stakes of Zhejiang Baorun Wool Textile Co. Ltd for CNY 271 million.

According to the announcement, the stake holder must be a state-owned or a state run company and its overall assets must not be less than CNY 2.5 billion and net assets must in any case be CNY 1.2 billion.

Zhejiang Baorun Wool Textile Co. has a registered capital of CNY 190 million and occupies an area of 130,000 square meters in Jiaxing, located in Zhejiang Province. It is one of the four bases of wool textile industry located in China. It is also a textile as well as foreign trade base of China Resources situated in the golden triangle region of Yangtze River.

In 2010, the Zhejiang company had realized an operating income of over CNY 75.09 million, an operating profit of about CNY 19.81 million and a net profit of CNY 20.13 million.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 23rd Feb 2017

NAFTA renegotiation puts Mexico-US jeans trade at risk

The almost imminent renegotiation of the North America Free Trade...

Rick Helfenbein (left), president and CEO of AAFA, with Juan Estrada, chief of party, Hub; Courtesy: Hub

Apparel/Garments | On 23rd Feb 2017

AAFA inks agreement for best manufacturing in East Africa

The American Apparel & Footwear Association (AAFA) has entered into a ...

Mango vice-chairman and member of the board of directors Daniel Lopez (L) with Ananth Narayanan, CEO, Myntra & Jabong. Courtesy: Myntra

Apparel/Garments | On 23rd Feb 2017

Mango awards distribution & management rights to Myntra

Mango, the Spanish fast fashion brand, has awarded its master...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search