Previously Known As The Focus Of Clothing Industry, YOUNGOR Also Set Up Kang Brigade Company To Do Real Estate.
According to Qi Xinbao data, in May 23rd, YOUNGOR
Group Limited by Share Ltd (hereinafter referred to as "YOUNGOR") has invested more overseas and established YOUNGOR travel Holdings Limited. The legal representative is Li Hanqiong, whose registered capital is 192 million yuan, and its business scope includes "industrial investment, real estate development and operation, self owned housing leasing, and real estate information consulting service".
Photo source: Qi Xinbao
Statistics show that Li Hanqiong is the only daughter of YOUNGOR chairman Li Rucheng. She is a EMBA from the China Europe Business School and a Bachelor of business administration from California State University.
Learned that YOUNGOR is not just a clothing brand, the industry is more willing to call it invisible developers.
In 1992, for the first time, real estate began, and YOUNGOR's real estate sector overtook the garment sector for a time, and its total revenue accounted for over 7.
Although Li Rucheng proposed to return to the main garment industry, but the foreign investment proved that YOUNGOR's dependence on the real estate business is still very strong.
According to media reports, YOUNGOR is now pforming into new related industries such as health care, pension and healthy towns. The establishment of YOUNGOR Tourism Holdings Limited will be integrated into existing zoo, hotel, scenic spots, catering, health preservation projects and other assets to explore the next direction of development.
Prior to this, YOUNGOR announced that in order to achieve the goal of maximizing the value, the company will further focus on the development of the main garment industry in the future.
In addition to strategic investment and continuing investment commitments, the company will no longer carry out financial equity investments in non principal sectors and take the opportunity to deal with existing financial equity investment projects.
YOUNGOR's previous annual report 2018 showed that the company's operating income reached 9 billion 640 million yuan during the period, a decrease of 2.07% over the same period last year, and a net profit of 3 billion 677 million yuan attributable to shareholders of listed companies, an increase of 1139.14% over the same period last year, accounting for only 58% and 22% of the revenues and net profits provided by the apparel sector during the period.
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