Libang: will focus on men's clothing and the Chinese market as the acquisition target

Wang Ri-ming, managing director of Nepalese Group (00891), said the company will focus on the men's business and the Chinese market in the future, and the target parties will take this as the target. When asked about his acquisition of the parent company or foreign party, he said both are possible. Libya's current gross margin is 72.6%. Wang Ri-ming refers to the impact of the financial tsunami declining. The gross profit margin can be maintained at 70% level. For the major shareholders to sell 33% of the old shares, Wang said that the sale of the old shares is expected to increase market liquidity, future stock float will increase to 60%. One of the purposes of the fundraising was to repay the debt of Mitsubishi Tokyo UFJ. Wang Ri-ming said the company has strong cash flow, and the ratio of liabilities after listing may drop drastically but did not disclose the specific ratio.