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JNBY Design's Subsidiary to Acquire 100% Stake in Brand Management Company
jnby (03306.HK) spent 1.67 million RMB to acquire the brand 'B1ock'.
jnby (03306.HK) announced a related party trade, acquiring all the equity of Hangzhou Muli brand management from Hui Zhan technology. The main brand of the latter, 'B1ock', is a boutique department store brand that integrates contemporary art and lifestyle aesthetics, with a cash price of 1.67 million RMB.
jnby (03306.HK) plans to acquire all the equity of Hangzhou Muli Brand Management.
Gelonghui on November 28th | jnby (03306.HK) announced that on November 28th, 2024, jnby clothing and Huizhan Technology entered into an equity transfer agreement, under which jnby clothing has agreed to acquire, and Huizhan Technology has agreed to sell all equity of Hangzhou Mulins Brand Management Co., Ltd. The acquisition price is RMB 1,672,000. The target company is mainly engaged in the sales of a designer brand called 'B1ock', which was operated by Huizhan Technology before the establishment of the target company. As of the date of this announcement, the target company is wholly owned by Huizhan Technology.
China National Commercial Information Center: In September, the retail sales of sportswear in key large retail enterprises nationwide decreased by 10.56% year-on-year.
On November 28, the China National Commercial Information Center released the sales analysis for sportswear brands in September 2024.
Hong Kong stocks abnormal movement: jnby rose more than 6% in a straight line during the intraday session.
Gelonghui, November 19 | jnby (3306.HK) experienced a significant spike in trading, rising over 6% to a current price of 14.31 HKD, with a total market capitalization of 7.43 billion HKD. It is reported that, currently, the total number of jnby's offline physical stores has reached 2024, a figure that corresponds perfectly with the company's fiscal year 24. Western Securities previously pointed out that the company's three global strategies drive growth: a multi-brand matrix + design-driven + fan-led. It is expected that the market size CAGR from 2023 to 2027 will reach 14.5% at the alpha level. (Gelonghui)
JNBY Design Limited Goes Ex Dividend Tomorrow
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