Youngor's 300 Million Equity Pledge Boosts Investment Transformation

On November 22nd, 2012, Youngor decided to plan to invest 3 billion yuan to subscribe for 30% of Beijing Guolian Energy Industry Investment Fund's share of capital and become the LP of the Guolian Fund. The fund and the National Social Security, Baosteel Group, etc. jointly invest in the West End of CNPC. Lose the third-line pipeline project.

The GP of the Guolian Fund is a joint venture between Youngor's fellow group affiliates and Kunlun Trust, a subsidiary of CNPC. In the future, it will also choose to invest in companies or projects in other energy fields, which will help Youngor’s investment business to invest in industries with stable long-term benefits. Transformation.

As of the announcement date, Youngor Holdings holds a total of 699 million shares of the company, accounting for 31.41% of the company's total share capital; of which 402 million shares have been pledged, accounting for 18.08% of the company's total share capital.

Recently, Youngor's subsidiary, Youngor Real Estate Co., Ltd. signed a cooperation agreement with Ningbo Veken Real Estate Co., Ltd. to jointly develop the land plot IV-3-3 of Xuejia District, Gulin Town, Yinzhou District, Ningbo City. Youngor will invest 165 million yuan, accounting for 30% of the registered project company.

Obviously, Youngor is still developing the company’s other businesses behind the main business of clothing. It has also continued to invest more in the real estate business that has been rumored to be launched earlier.

According to its 2012 results, according to WIND data, as of November 22, 2012, a total of three institutions have predicted Youngor's 2012 annual results, with an average forecasted net profit of 1.878 billion yuan, and the average forecasted diluted EPS is 0.8436. yuan. According to this forecast, the 2012 net profit increased slightly compared to the previous year, an increase of 6.56%.

January 22, Youngor fell 1.37% to close at 7.92 yuan.