Youngor's Capital Assembly Line: Investment Scale “Jiujin” Emphasis on Equity Investment

The low-key chairman of Youngor, Li Rucheng, entered the financial investment field with the strength of China's largest apparel group, and in a few short years, it became very popular, making Youngor the largest listed company in China’s equity investment.

The low-key chairman of Youngor, Li Rucheng, entered the financial investment field with the strength of China's largest apparel group, and in a few short years, it became very popular, making Youngor the largest listed company in China’s equity investment.

On November 27, 2007, Youngor made a huge investment of RMB 3.588 billion to subscribe for 100 million shares of Haitong Securities. At this point, Youngor’s investment in financial assets has reached about 23 billion yuan, which is 1.5 times of the company’s net assets. It also far exceeds the total assets of most listed companies in China, and more importantly, these investments will have a far-reaching impact on Youngor.

Yang Xinyu, director of Youngor’s secretary, said: “The company will focus on investment as one of the main businesses in the future, and will increase the scale of investment steadily.” Analysts pointed out that Youngor’s investment-holding business structure has gradually formed, and future profits will be mainly From the controlling income of enterprises in the three fields of clothing, real estate and investment.

The scale of investment "Jiujin"

In fact, Youngor’s investment scale can reach 23 billion yuan in one fell swoop, relying mainly on its investment in CITIC Securities.

In December 1999, CITIC Securities increased its capital and changed it into a stock company. Youngor bought 200 million shares at a cost of 320 million yuan and became the second largest shareholder. Eight years later, this equity investment really surprised Youngor. According to estimates, this alone, Youngor's floating surplus of more than 140 billion yuan.

In 2005, CITIC Securities conducted a share reform, and Youngor’s shareholdings decreased to 186 million shares due to payment of consideration. However, in 2007, the stock price of CITIC Securities rose sharply, and Youngor’s shares were also listed and circulated due to the lifting of the ban. At that time, Youngor held a book value of nearly 8 billion yuan in the shares of CITIC Securities, and the current value has even soared to 145. Billion, the value-added is nearly 50 times.

Perhaps it was because of the huge return on investment CITIC Securities has tasted the sweetness, Youngor began to substantially increase its financial investment in the field of investment. Especially in the fourth quarter of this year, the company has made multiple investments in succession.

On October 27, Youngor Investment Holding Co., Ltd., Youngor’s holding subsidiary, subscribed for 43 million private shares of Jinma’s shares at a price of RMB 7 per share; a larger investment occurred in November, and Youngor’s use of 35.88. 100 million yuan subscribed 100 million Haitong Securities private placement shares.

According to the 2007 third quarterly report, as of the end of September, Youngor already had 10 listed companies such as CITIC Securities and Ningbo Bank, with a total book value of nearly 19 billion yuan. If you add investment in the fourth quarter, Youngor’s investment will exceed 23 billion yuan.

After taking a share in Haitong Securities, Youngor has already involved in three securities companies, but only one of them - Tianyi Securities's equity has been transferred out.

However, Youngor’s financial assets may not be so. In September, it planned to invest 180 million yuan to participate in the launch of China Zheshang Property Insurance Co., Ltd. The company is currently in the preparatory period.

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