Originally posted by csfoo7721
From google translate
"
Shanghai Leading Group Co., Ltd. (stock code 600630, hereinafter referred to as the leading stock) is China's first joint-stock listed company , with textile brand management and international trade as the core business, from knitting, home textiles, apparel, international trade, real estate properties The business unit constitutes a core business development.
The leading shares have well-known brands such as “ Three Guns ”, “ Chrysanthemum ”, “ Conch ”, “Minguang”, “ Phoenix ”, “Zhong 414” and “Queen” in the domestic market; they have two researches on knitting and decoration.
It controls a large domestic sales network consisting of more than 7,000 marketing outlets.
Its products cover domestic and high-end department stores, specialty stores and supermarket chains; international trade spreads over 80 countries and regions on five continents.
In the 2008 China's Most Valuable Brands List published by the World Brand Lab, the brand values of “Three Guns” and “Conch” were RMB 1.421 billion and RMB 1.246 billion, respectively.
The company's underwear marketing network was evaluated by Morgan Stanley as "the most complete marketing channel for the Chinese underwear market."
The leading shares have three modern textile manufacturing bases of knitting processing, garment manufacturing, textile printing and dyeing, and have passed many international certifications such as ISO9001:2000 and WRAP.
The export of knitted fabrics and knitted garments produced by the “Three Guns” was awarded an export-free certificate by the General Administration of Quality Supervision, Inspection and Quarantine.
The company's strong production and processing capabilities provide a strong guarantee for the company's brand development.
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If my speculation was true, JAT JV with Sunnya and Shanghai Dragon Corp, a multi-billion company for manufacturing Neurio milk powder. It is likely that insiders are pushing down to accumulate more cheap shares.
p/s: The ann for Shanghai Dragon Corp and JAT jointly develop Cobbitty happened 5 days after the acquisition of Sunnya. SDC might not be aware of the potential of Sunnya (Neurio) at the time of the ann, but the intention for JV do exist.
Also, don't underestimate the influence from our billionaire director Mr. Li XiPeng
Anyway, time will tell, better don't get too excited
"JATexpects to be able to meet its funding obligations of the venture fromits current cash resources."
Is that mean we have stronger cash flow this quarter so it enable us to have spare cash to fund this expansion? Land in Sydney is not cheap though and processing plant and etc
(20min delay)