NEWS
Geographical Information
■ Landsea Green Management resumed trading early on the 14th Prior to the suspension of trading, it announced the sale of some shares of US listed companies
On June 14, the shares of Landsea Green Management Limited announced that trading of the company's shares will resume at 9am today. According to previous reports by Viewpoint New Media, Landsea Green Management briefly suspended trading on the Stock Exchange at 9am on 13 June 2023. ON THE EVENING OF THE SAME DAY, THE COMPANY DISCLOSED THAT IT INTENDS TO SELL A TOTAL OF 7.42% OF THE SHARES OF LANDSEA HOMES CORPORATION, A UNITED STATES, FOR A TOTAL CONSIDERATION OF $22.1739 MILLION.
■ Sunac announces the progress of overseas debt restructuring It has won the support of about 87% of creditors
On the evening of June 13, Sunac China Holdings Co., Ltd. announced the latest progress of overseas debt restructuring. According to the announcement, the head conversion share price of Sunac compulsory convertible bonds was reduced from HK$10 to HK$6 per share, the minimum conversion price of compulsory convertible bonds was reduced from HK$4.58 per share to HK$4 per share, and the minimum conversion price of Sunac Services was reduced from HK$17 to HK$13.5 per share. As of the announcement, Sunac's offshore debt restructuring plan has been supported by about 87% of creditors and will be formally implemented after completing the necessary legal procedures within the year. By accession, it is agreed that creditors have undertaken to take all necessary action, including voting in favour of the plan at the plan meeting on the total outstanding principal amount of all existing obligations held by them as at the record date.
■ Modern Property: Remaining new notes not yet claimed by scheme creditors will be cancelled
On June 13, Modern Land (China) Co., Ltd. announced that the holding period expired. According to the announcement, the content relates to the arrangement plan (scheme) between Modern Land and the scheme creditors under Article 86 of the Cayman Islands Companies Law (2022 Revision). Modern Land said that the expiry date of the holding period and the final distribution date under the scheme are June 13, 2023. At the same time, pursuant to Clause 15.3 of the Scheme, such Scheme creditors do not have any rights in respect of the remaining New Notes or further rights in relation to the Scheme consideration due to their failure to provide the Information Agent with a validly completed Account Holder Letter, Distribution Confirmation Deed and, if applicable, Designated Addressee Form on or before the Restricted Date (19 May 2023), and failure to comply with the procedures set out in the Scheme Clause 15.1 and the Request for Information Set. The remaining New Notes outstanding by the scheme creditors have been transferred by the holding period trustee to Modern Land and cancelled in accordance with the terms of the scheme.
■ Rongsheng Development provided guarantee for a total of 519 million yuan of financing for its subsidiaries
On June 13, Rongsheng Real Estate Development Co., Ltd. announced that it would provide guarantee for the financing of its subsidiaries. According to the announcement, Hebei Rongsheng Building Materials Co., Ltd., a wholly-owned subsidiary of Rongsheng Development, and Heping Road Sub-branch of Langfang Bank Co., Ltd. intend to continue to cooperate with the business of 170 million yuan, and Rongsheng Development will provide joint and several liability guarantee guarantee for the above business, the total amount of the above guarantee guarantee shall not exceed 200 million yuan, and the guarantee period shall not exceed 60 months. Qingdao Oriental Yalong Real Estate Co., Ltd., a wholly-owned subsidiary of Rongsheng Development, and Qingdao Branch of China Minsheng Bank Co., Ltd., continued to cooperate with the business of 349 million yuan, and Rongsheng Development provided joint and several liability guarantee guarantee for the above business, the total amount of the above guarantee guarantee did not exceed 407 million yuan, and the guarantee period did not exceed 50 months. At the same time, Qingdao Oriental Yalong, a wholly-owned subsidiary of Rongsheng Development, provided collateral guarantee for the above financing with its assets; Jiangxi Zhongjing Industry Co., Ltd. holds 100% equity interest in Qingdao Dongfang Yalong to provide pledge guarantee for the above financing. Up to now, the total actual guarantee of Rongsheng Development is 45.171 billion yuan, accounting for 194.05% of the company's latest audited net assets. Among them, the actual guarantee balance provided by Rongsheng Development and its holding subsidiaries to units outside the consolidated statement was 7.040 billion yuan, accounting for 30.24% of the company's latest audited net assets, and no overdue guarantee matters occurred.
NEWS
Business News
■ French fragrance brand Fragrant Grey returns to the Chinese offline market
Recently, French fragrance brand Fragrant Grey announced its return to the Chinese offline market after three years away from the Chinese market. From June 7th to June 30th, Xiangwei Grey held a novel collision experience of color and smell at the "Happy Wishing Ribbon" at the LITTLEB store in Vientiane Tiandi, Shenzhen, which was the first stop for Xiangwei Grey's return to the offline line. After the pop-up event, Grace will enter LITTLE B, a beauty and lifestyle collection store brand under Fauvism.
■ Supreme revenue fell more than 7% last year
In the 12 months to the end of March, U.S. streetwear brand Supreme saw revenue decline 7.1% year-over-year to $523 million, down from $562 million in the same period last year and missing VF Group's expectation of $600 million, and net profit plunged 21% to $64.8 million from $82.4 million the previous year. Notably, VF Group admitted for the first time in its latest earnings conference that the $2.1 billion deal to acquire Supreme in 2020 was too expensive.
■ Golden Goose is rumored to be looking for an IPO or sale with a valuation of more than 2.5 billion euros
According to Bloomberg, citing people familiar with the matter, British private equity fund Permira intends to sell shares of Italian footwear brand Golden Goose and is also considering an initial public offering of the brand. Golden Goose, known for its iconic product "Little Dirty Shoes," jumped 30 percent in revenue last year to more than €500 million and is now valued at more than €2.5 billion. In pursuit of a bigger breakthrough, the brand will continue to open 20 new stores this year.
■ Jingdong Qixian landed in the shopping mall of Wangfujing Group for the first time
News on June 13, Jingdong Qixian Wangfujing's first store entered the Youanmen Wangfujing Shopping Center. According to reports, Jingdong Qixian Youanmen Wangfujing Store is its 31st store in North China, located on the basement floor of the mall, with a business area of 3,500 square meters, serving consumers in the mode of "online can be clicked, offline can be visited". On the day of its opening, the supermarket attracted 17,000 new members. Hu Yong, vice president of Wangfujing Group and head of Beijing region, pointed out that Youanmen Shopping Center should take the entry of Seven Fresh Supermarket as an opportunity to deepen the community-based business model, and bring new momentum and new benefits to the development of stores while maintaining the "fireworks".
NEWS
Capital dynamics
■ "Anto" received tens of millions of yuan in financing led by General Capital
Shanghai Anto Information Technology Co., Ltd. has recently completed tens of millions of yuan of financing, led by General Capital, followed by TEDA Investment and other industrial capital. This round of financing is the first time that Anto has introduced investment shareholders, and the funds raised will be mainly used for R&D investment, team expansion, and market expansion of MBSE series products in the fields of high-end manufacturing, new energy and aerospace, and satellitenet. According to reports, Anto is a manufacturing digital solution provider.
The above news sources: Viewpoint.com, 36Kr, Fashion Headlines, Retail Business Finance// Winshang.com Self-media Matrix //