According to panoramic network, the online roadshow of the open run convertible bond issue was held in the panorama network on Wednesday morning. Gao Xiaomin, deputy director general of the company, said: the listed companies have maintained good communication with Nike (Nike), and have achieved high recognition and support for the company. This will provide a good foundation for the long term and steady growth of order orders in the future.
After entering Nike (Nike) supplier system, the product category of listed companies will enter the mainstream sports bag area, and the productivity and popularity of sports products will significantly improve, which is of great strategic significance for strengthening the core competitiveness of listed companies and enhancing their comprehensive strength. Instead, the supplier system of Nike (Nike) is relatively stable, which has laid an alternative foundation for the sustainable and stable development of listed companies.
Founded in 2009, Anhui Kai Run Limited by Share Ltd is a consumer company that focuses on high quality travel scenarios and provides travel equipment for users. The main business of the company is suitcase, business bag, outdoor leisure bag, shoes and clothing, and related accessories, such as research and development, design, production and sale.
Acquisition of Nike suppliers
According to the "Beijing business daily" report: in December 25, 2018, the Board agreed to adopt the motion on the acquisition of PT. Formosa Bag Indonesia and PT. FormosaDevelopment100%, and the motion on the purpose of changing the use of funds, and agreed to grant a 100% stake in the overseas wholly owned Sun company Korrun (HK) Limited and the overseas wholly owned grandson company Formosa Bag (Limited) and Bag. The purchase amount was $22 million 800 thousand. Data show that the acquisition of the target company's business is OEM (foundry factory), the main customer is Nike, the United States.
In the announcement, Kai Run shares also made a market prospect and profitability for the acquisition of the target company. It stated that the target company has been deep tillage for many years in the R & D, production and marketing of bags and bags, and has advanced manufacturing plants, stable and high-quality customers and more prominent cost advantages.
In terms of customer resources, the target company has maintained stable cooperation with the US Nike company for more than a decade, and has grown into one of Nike's core bag suppliers.
As the leader of the global sporting goods industry, Nike has high requirements for the manufacturing, qualification, product quality and management capabilities of suppliers. It has strict entry threshold and system, and can maintain long-term cooperation with Nike, reflecting the excellent manufacturing capability of the target company. On the other hand, Nike's supplier system is relatively stable, which has laid a solid foundation for the sustainable and stable development of the target company.
Source: Professor of shoe industry