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

Pic: Shutterstock

Textiles | On 19th Feb 2020

CLMV nations urged to export goods items to Japan

Cambodia, Laos, Myanmar and Vietnam (CLMV) were recently encouraged...

Pic: Shutterstock

Apparel/Garments | On 19th Feb 2020

Turkey's apparel sector sets $19 bn export target in 2020

Turkey's apparel sector, which sold goods worth $17.7 billion to...

Pic: Waleeds / Shutterstock.com

Textiles | On 19th Feb 2020

Pakistan textile exports up 3.68% in July-Jan FY20

The value of textile and garment exports from Pakistan increased by...

Interviews View All

Deepak Jain, Baggout

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Top executives, Textile industry

Top executives
Textile industry

Customised t-shirts is not a fad

Top executives, Fabric manufacturers

Top executives
Fabric manufacturers

Domestic manufacturers would get an edge over imported products

Fabio Grandis,

Fabio Grandis

Italian company Grandis SRL has been operating in the textile industry for ...

Aaron Spivak,

Aaron Spivak

Canada-based Hush Blankets was founded by Lior Ohayon and Aaron Spivak to...

Joachim Maier,

Joachim Maier

Switzerland-based Uster Technologies AG is the leading high technology...

Kevin Nelson, TissueGen

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

Leave your Comments


February 2020

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


Advanced Search