Rashabel plans to sell 725 million of its assets to enter the countdown

category:Finance
 Rashabel plans to sell 725 million of its assets to enter the countdown


It is worth noting that both the target party and the transferee of this transaction have been established for less than one year. Among them, Shanghai Shihuai logistics, the transaction transferee, was established on September 5, 2019, with a registered capital of 650 million yuan. Its business scope includes domestic freight transportation agency, investment management, warehousing services, etc.

Taicang Xiawei warehouse, the target of the transaction, was established on December 6, 2019. It is a company established by laxabel to promote resource integration planning. In December last year, Laxia Taicang increased its investment to Taicang Xiawei warehouse by 390 million yuan in the form of real estate investment. The business scope of Taicang Xiawei warehouse includes warehousing service, handling service, real estate brokerage service, etc.

For this transaction, laxabel said that due to the challenges brought by internal and external environment changes, the company is in the period of strategic adjustment in the past two years. By selling the target companys equity, it can effectively activate the companys long-term stock assets and provide financial support for the development of its core business. According to the preliminary calculation of laxabel, the transaction is expected to generate an asset disposal income of about 337 million yuan.

Last years sale of assets failed to turn around losses, and the market value evaporated by more than 10 billion in three years

Founded in 1998, La Chapelle is a clothing company mainly engaged in womens wear. Its womens wear brands include La Chapelle, puella, Candies, etc. In addition, there are also some mens and childrens wear brands. As a domestic clothing giant, La xiabelle once enjoyed great success. After landing in the A-share market in 2017, its market value once soared to 12 billion yuan.

From being popular with capital to being on the verge of wearing a hat, some analysts believe that this has a lot to do with the strategy of multi brand operation, sales expense driven revenue and the way of opening a store in horse racing enclosure.

After the loss in 2018, in order to reverse the performance, laxabel increased the efforts to close stores, and also started to sell assets. In 2019, laxabel successively sold 54.05% shares of its holding subsidiary Hangzhou Yinshen e-commerce Co., Ltd. and 98.04% shares of Tianjin xingkuang enterprise management consulting partnership (limited partnership) with 200 million yuan and 275 million yuan respectively. In addition, the company also divested some of its loss making assets. But for now, none of this has changed the loss of Mr. rashabel. According to the main business performance of 2019 disclosed by laxabel, in 2019, the company achieved revenue of 7.666 billion yuan, a year-on-year decline of 24.66%; net profit was - 2.139 billion yuan, a year-on-year decrease of 1241.01%.

By 2020, the outbreak of the epidemic has hit the retail based clothing enterprise hard. According to the data, in the first quarter of 2020, laxabel achieved an operating revenue of 1.002 billion yuan, a decrease of 57.75% compared with the same period of last year, including 686 million yuan of offline direct channel revenue, a decrease of 66.05% compared with the same period of last year, and a net profit of - 342 million yuan, a decrease of 3609.01% compared with the same period of last year.

The house leaks in the rain at night. In May this year, nafnafsas, a wholly-owned subsidiary of laxabel, was ordered by the local court to start judicial restructuring due to its inability to pay off the debts of suppliers and local government. Nafnafsas is a French womens wear brand company. La charbel has made two sales in 2018 and 2019, and spent more than 50 million euros to earn nafnafsas. The data shows that nafnafsas suffered a large loss in 2019, and the epidemic further worsened its operation. The judicial reorganization of nafnafsas means the failure of this overseas acquisition. Next, we will continue to focus on how to turn the loss into profit and avoid the suspension of listing. Read more about Tesla battery day coming next month! Illustrated A-share industry chain full list American College Students blood loss of stock speculation is 730000 suicide Robin Hood promised to adjust the threshold of option trading melamine migration exceeded! The company apologized. Source: Wang Wenhua, editor in charge of Beijing News_ NF5982

The house leaks in the rain at night. In May this year, nafnafsas, a wholly-owned subsidiary of laxabel, was ordered by the local court to start judicial restructuring due to its inability to pay off the debts of suppliers and local government. Nafnafsas is a French womens wear brand company. La charbel launched two sales in 2018 and 2019, and spent more than 50 million euros to bring nafnafsas into the bag. The data shows that nafnafsas suffered a large loss in 2019, and the epidemic further worsened its operation. The judicial reorganization of nafnafsas means the failure of this overseas acquisition. Next, we will continue to focus on how to turn the loss into profit and avoid the suspension of listing.