Bagir Share Discussion Threads

[moneymunch] 03/9/2018 07:15

the AIM tiddler Bagir is about to be taken over by China's leading and one of the World's largest textile apparel manufactures.......this is totally transformational for Bagir and is bigger than many realise imho....On and most definitely UP!!!! ;-)))

[daicaprice] 03/9/2018 07:14

Never in doubt.

DC

[moneymunch] 03/9/2018 07:08

BOOM Time ahead....Gla Holders.....Bagir is all set for the BIG TIME!!! ;-))))))

[moneymunch] 03/9/2018 07:02

Bagir Group Ltd
Strategic Partnership and Notice of EGM
RNS Number : 4912Z
Bagir Group Ltd
03 September 2018


3 September 2018

Bagir Group Ltd.

("Bagir" or the "Company")



Proposed Strategic Partnership with Shandong Ruyi and $16.5 million investment

Posting of Circular and Notice of Extraordinary General Meeting



Bagir (AIM: BAGR), a designer, creator and provider of innovative tailoring is pleased to announce that further to its announcement on 23 November 2017, that it had agreed terms with Shandong Ruyi Technology Group for a proposed investment and strategic partnership under which Shandong Ruyi will invest $16.5 million into the Company in return for 359,560,310 New Ordinary Shares representing 53.7 per cent of the Company's Enlarged Share Capital. The Company has today posted a circular to its shareholders containing further details of the Proposed Investment and notice to convene an Extraordinary General Meeting at which the resolutions required to enact the Proposals will be tabled.



The Proposed Investment values each New Ordinary Share at approximately 3.5 pence per Ordinary Share and represents a premium of 155 per cent. to the mid-price at 12:10 on 20 November 2017, being the point at which trading in the Ordinary Shares was suspended ahead of the announcement of the Proposed Investment on 23 November 2017.



The Board considers the Proposals and the passing of the Resolutions to be in the best interests of the Company, its Shareholders and its Depositary Interest Holders as a whole for the reasons set out below:

· The use of the investment by Shandong Ruyi, to directly target expediting the development and expansion of the manufacturing facility in Ethiopia, will significantly accelerate the timetable for the operational potential in Ethiopia to be realised enabling the facility to attract and compete for major apparel manufacturing contracts from large international retailers which generate an acceptable level of return to Bagir.

· Shandong Ruyi, as a result of its significant international textile and retail investments, is well positioned to provide the Group with significant new commercial opportunities.

· The strategic partnership has the potential to have a transformational effect on the operations and the prospects of the Group from which all Shareholders and Depositary Interest Holders will benefit.

· The strategic partnership with Shandong Ruyi will increase the Company's own profile and reputation.

Accordingly, the Directors unanimously recommend that you vote in favour of the Resolutions to be proposed at the Extraordinary General Meeting as the Directors, who have an interest in Ordinary Shares, have irrevocably undertaken to do in respect of their own and connected persons beneficial shareholding.

The Extraordinary General Meeting is to be held at the offices of N+1 Singers, One Bartholomew Lane, London EC2N 2AX at 10:00 a.m. on 9 October 2018.



The circular will shortly be available to view at the Group's website hxxp://www.bagir.com/html/Rule.html.



Capitalised terms used but not defined in this announcement have the meanings set out in the circular and in the appendix to this announcement. Further details of the recommended Proposals, extracted from the Circular, are set out below.



Eran Itzhak, Chief Executive Officer of Bagir said:

"We are delighted to be putting this proposal to our shareholders as we believe it to be transformative, creating a platform from which Bagir has the potential to become a significant player in our market of apparel manufacturing."

[moneymunch] 01/9/2018 08:44

Presumably Bagir arranged their AGM for Tuesday in the knowledge that Ruyi would complete on Friday and they would update the market on Monday. Gla ;-)

[moneymunch] 31/8/2018 16:28

The chart couldn't look more primed for a significant rise on imminent transformational news....Perfecly Poised....Gla Holders...;-)

[moneymunch] 31/8/2018 15:54

Lol Costax, on a daily basis you indiscriminately ramp countless shares across Advfn's share forums, and now and again one does ok.....ho ho ho.... Gl ;-)

[costax1654x] 31/8/2018 13:15

I mentioned Sosandar 2 weeks ago and they did +50% ,now I am telling you about SBTX And Dish that are going to blow soon!

[costax1654x] 31/8/2018 13:15

Ha ha no news?back to 1p?

[moneymunch] 31/8/2018 10:18

All good things...:-)

[futuredlighter] 31/8/2018 09:55

where is the news?

[moneymunch] 31/8/2018 09:24

A done deal, if there ever was one.....News today or Monday..Gla :-)

18/7/18

Chief Executive Officer of Bagir, Eran Itzhak, said "Shandong Ruyi is a global leader in our sector and their decision to become our partner and majority shareholder fundamentally changes the future prospects of Bagir. We are delighted to confirm the completion date and announce Shandong Ruyi's further financial commitment to the transaction."

[moneymunch] 31/8/2018 08:12

Lol.. like the one that you've obviously got over your head.....you PILLOCK!!! ;-)

[phowdo] 31/8/2018 08:10

Dont be left holding the bag here...

[moneymunch] 31/8/2018 07:30

Deal completion expected today and so news could drop at anytime, Monday at the latest. Gl :-)

[babbler] 31/8/2018 07:27

All quiet from the company... Last day... Guess extension coming then...

[moneymunch] 31/8/2018 06:20

Employees inspect suit jackets at a factory operated by the Shandong Ruyi Technology Group in Jining, China,

Risks to external demand from the trade tensions appeared in the data, highlighting the uncertainties for Chinese factories. President Donald Trump wants to move ahead with a plan to impose tariffs on $200 billion in Chinese imports as soon as a public-comment period concludes next week.

New export orders dropped to 49.4, the lowest level since February, when the Chinese New Year disrupted production.

[moneymunch] 31/8/2018 06:13

Bagir's duty free Ethiopian factory is about to come even more attractive to Ruyi. Gla ;-)


President Donald Trump is ready to take the trade war with China to the next level, according to a new report.

Bloomberg reported Thursday that Trump has told aides that he wants to follow through on a threat to impose tariffs on another $200 billion worth of Chinese goods as early as next week. This would mean that more than half of all Chinese imports would be subject to tariffs.

The tariffs can go into effect after the public comment period ends on September 6.


The list of goods that would get hit with the tariffs is still being finalized, but the initial list showed a pronounced shift in Trump's trade war strategy. The new list includes many consumer goods such as fabrics and hats, while previous tariffs have focused mostly on industrial goods like machinery.

[moneymunch] 30/8/2018 16:51

Update tomorrow, on deal completion and nominated Director(s)???....Gla Holders and fingers crossed...;-)

Bagir has prepared the necessary shareholder circular and notice of EGM in order to approve the full investment by Shandong Ruyi Group. As part of the investment, one or more Director(s) will be nominated by Shandong Ruyi to join the Board of Bagir, subject to the completion of the necessary regulatory due diligence. Since these proposed directors also need to be approved by Bagir's shareholders at the EGM, the shareholder circular and notice of EGM will be posted once Shangdong Ruyi has provided their details to Bagir.

[moneymunch] 30/8/2018 16:09

" We are delighted to confirm the completion date "

[moneymunch] 30/8/2018 16:09

18/7/18

Chief Executive Officer of Bagir, Eran Itzhak, said "Shandong Ruyi is a global leader in our sector and their decision to become our partner and majority shareholder fundamentally changes the future prospects of Bagir. We are delighted to confirm the completion date and announce Shandong Ruyi's further financial commitment to the transaction."