Bagir Share Discussion Threads

[moneymunch] 06/9/2018 09:48

Lol...The snide lowlife scumbag cohorts don't want you invested for the inevitable re-rate on Ruyi's %16.5m cash and 54% controlling stake in the business which will be transformational for all concerned....Shareholder approval expected 9/10/18 EGM day....FILL YA BOOTS!!! GLA ;-)

[big brother8] 06/9/2018 09:40

MONEYMUNCH

[big brother8] 06/9/2018 09:40

MONEYMUNCH

[altered carbon] 06/9/2018 09:39

Can the Chinese delist it now, as they will own 54%?

Do we get anything out of it if they do?

[jdunning] 06/9/2018 09:31

I've sold out.. ;)

[zed250] 06/9/2018 09:18

More big sells at 2.6, big shake is coming

[honour among thieves] 06/9/2018 09:14

UK mug punters gonna get killed here. Israelis and Chinamen are laughing and I am laughing too. LOL

54% Controlling stake means very high probability of delisting agenda is extremely like.

Now will crash to 0.2p or 0.25p?

We just have to wait for the rns.

[honour among thieves] 06/9/2018 09:13

UK mug punters gonna get killed here. Israelis and Chinamen are laughing and I am laughing too. LOL

54% Controlling stake means very high probability of delisting agenda is extremely like.

Now will crash to 0.2p or 0.25p?

We just have to wait for the rns.

[honour among thieves] 06/9/2018 09:13

As the Chinese have a Majority shareholding

Can they delist it with the help of other bigger shareholders? For sure such resolutions will pass as they have block YES vote of 54%.


Voting for such resolution means they could regain the capital invested right?

What would be the point of taking majority ownership if that was not main reasons, surely anyone can work this out.

Don't be surprised wake up one morning and seeing a rns about an EGM for delisting. That would cut the share price price to 0.5p something immediately

[moneymunch] 06/9/2018 09:11

Ruyi take controlling stakes in leading listed apparel companies to expand and develop for the benefit of all parties....especially the shareholders. Gla holders...the deal will be transformational for those invested Tick Tock Boom!!!:-)

[zed250] 06/9/2018 09:09

No more sell quotes at 2.6 now

[big brother8] 06/9/2018 09:08

MONEYMUNCH

[moneymunch] 06/9/2018 09:08

Ruyi take controlling stakes in leading listed apparel companies to expand and develop for the benefit of all parties....especially the shareholders. Gla holders:-)

[moneymunch] 06/9/2018 09:05

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] 06/9/2018 09:04

Ps $16.5m for a 54% controlling stake in Bagir...Small change for Ruyi...;-)

Acquisitive Chinese textile and clothing giant Shandong Ruyi is stretching deeper into the UK high street on a two-year buying spree. In March 2016, it bought French firm SMCP, which operates Sandro, Maje which each have 12 UK stores and Claudie Pierlot, from private equity firm KKR for £1.1bn.

British brand Aquascutum was sold to Jining Ruyi Investment Co, a holding company of Shandong Ruyi Technology Group, for $117m (£95m) in March last year. Previous owner YGM Trading said the sale was prompted by the need for further investment to enhance the labels competitiveness. In November 2017 Shandong Ruyi paid HK$2.2bn (£213.5m) for a controlling stake in menswear group Trinity, which retails and wholesales high-end menswear brands including Kent & Curwen, Gieves & Hawkes and Cerruti 1881.

It bought a majority stake in Swiss brand Bally for an undisclosed sum in February.

"On February 9, Chinese Textile and Garment producer Shandong Ruyi Group completed the acquisition of luxury brand Bally. The transaction details have not been disclosed publicly, but an insider told Bloomberg the price paid was around $700 million."

[lairy larry] 06/9/2018 09:03

It does not make sense.

They do not need to raise capital, as they are back by a biggie.

Aim IPO is about looking for money for expansion, hence the floatation.

[moneymunch] 06/9/2018 09:03

here's a recent example of the Ruyi effect on a company they took a controlling stake, they've also made several high profile acquisitions of major listed fashion/brand companies and have never delisted any one of them!!! The lowlife detractors will stop at nothing in their desperation to undermine and deter investors...a sure sign of good things to come...Tick Tock Boom!!...:-)

In November 2017 Shandong Ruyi paid HK$2.2bn (£213.5m) for a controlling stake in menswear group Trinity, which retails and wholesales high-end menswear brands including Kent & Curwen, Gieves & Hawkes and Cerruti 1881.

FASHION

Trinity blooms under Shandong Ruyi

Retail Asia

28/08/2018

AsiaInternationalTrinity

Menswear retailer Trinity has announced double-digit same-store sales growth in its first half year.

The period coincides with Shandong Ruyi International Fashion Industry Investment Holding taking a controlling interest in the group last April.

[lairy larry] 06/9/2018 09:02

I think there's some validity that they could delist it.

54% ownership is a big block, they can any resolution they want or put proposal forward.

Why do they need to have Bagr as a listed company?

[zed250] 06/9/2018 08:58

She’s dropping now tho, 2.6 to sell weakness

[honour among thieves] 06/9/2018 08:53

UK mug punters gonna get killed here. Israelis and Chinamen are laughing and I am laughing too. LOL

54% Controlling stake means very high probability of delisting agenda is extremely like.

Now will crash to 0.2p or 0.25p?

We just have to wait for the rns.

[honour among thieves] 06/9/2018 08:53

As the Chinese have a Majority shareholding

Can they delist it with the help of other bigger shareholders? For sure such resolutions will pass as they have block YES vote of 54%.


Voting for such resolution means they could regain the capital invested right?

What would be the point of taking majority ownership if that was not main reasons, surely anyone can work this out.

Don't be surprised wake up one morning and seeing a rns about an EGM for delisting. That would cut the share price price to 0.5p something immediately