ICBC Formally Purchases Turkey Textile Bank

On 24-27 May, Jiang Jianqing, an alternate member of the CPC Central Committee and chairman of the ICBC, visited Istanbul and attended the ICBC's acquisition of most of the shares of Turkey textile bank.

Istanbul vice governor Ismail went to the airport to meet himself. The president of Turkey, Erdogan, cut the royal palace to meet Chairman Jiang and Bach.

25 evening, ICBC

The textile bank's stock delivery celebration was held at the Kempinski Hotel in Istanbul.

Turkey Vice Premier Baba Zhan, Chinese ambassador to Turkey Yu Hongyang, Chinese Consul General in Istanbul, Gu Jingqi, vice governor of Istanbul, Ismail, delivered a speech at the ceremony, and with the Chinese and Turkish governments.

Nearly 500 people have witnessed the signing ceremony and the signing of 6 strategic cooperation agreements with Turkey's well-known consortium.

ICBC bought the soil for $450 million this time.

And set my biggest investment record for Tu.

Through this acquisition, ICBC has obtained 75.5% equity interest in textile bank, a full set of business license and 44 outlets and 900 employees in various provinces and autonomous regions.

After this delivery is completed, ICBC will continue to purchase the remaining shares held by the circulation shareholders in accordance with regulatory requirements, and finally complete the acquisition of the textile bank.

The high-level local people and the community have been very excited about the ICBC's largest enterprise in the world, and believe that the acquisition will become a milestone for the two countries to deepen financial cooperation in Istanbul.

At present, business opportunities in our land business are increasing, and financing has gradually become a bottleneck for development.

ICBC's strategic layout of investment in the territory has laid a solid foundation for promoting the "one belt and one way" construction and RMB internationalization in Western Asia.

With the entry and exit of ICBC, we have formed a comprehensive financial service system consisting of Bank of China, China Development Bank, import and export bank, CITIC insurance and other financial institutions, which will provide a strong backing for leading enterprises to participate in the "one belt and one way" project construction, and link up with a series of financial cooperation agreements signed by the two governments, creating positive conditions for Istanbul to become a Eurasian RMB settlement center.

At the same time, it will also play an important role in speeding up the improvement of the construction and service functions of Chinese business associations.

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China's textile and garment industry has been in the cold winter since 2011 due to the oppression of many factors, such as the economic downturn in Europe and the United States, the tightening of domestic money and the widespread worries of the industry.

The textile and garment sector of the A share market also showed a downward trend.

Fortunately, many textile and apparel listed companies are actively promoting the strategy of capital merger and acquisition, hoping that the cross-border pformation will revive.

On the evening of April 16th, the Home Textile Leader Luo Lai home textiles announced that it was hand in hand with Ho Tai to enter the field of sleep health monitoring and consultation, and big health.

In May 19th, the company also said it would invest 200 million yuan to establish an industrial investment fund with Yuhua and Yuhua, and layout the industrial chain of big home textiles and large household.

Two days later, the company issued a notice to invest $29 million in Madiga, opening the way to capital operation of smart home enterprises.

YOUNGOR turned its attention to the big health industry and set up a health industry fund.

YOUNGOR announced in the evening of March 6th that the company and its subsidiaries decided to set up a health industry fund with a cash contribution of 1 billion yuan.

The fund is mainly aimed at the big health industry in the growth stage, expansion stage and maturity stage. It has good industry development prospects and enterprises with great value for mergers and acquisitions to invest in equity. It also pays attention to the opportunity for the excellent listed companies to increase, and the investment opportunities for the restructuring and regrouping of large and medium-sized state-owned enterprises in the health care industry.

The Pathfinder set up sports industry M & A fund and tourism venture capital fund.

On the evening of January 28th, the Pathfinder announced that the new Tianjin Cci Capital Ltd, Jiangxi and the same asset management Co., Ltd., a wholly owned subsidiary of the company and its wholly-owned subsidiary, would jointly launch a pathfinder with a total scale of 300 million yuan and a merger fund for sports industry.

The fund will focus on investing in sports vertical media and enterprises in the field of mass sports events.

Seven wolves set up consumer investment funds.

In November 19, 2014, the seven wolves announced that in order to promote the company's strategic upgrading and use the professional advantage team to promote the pace of investment, the company intends to cooperate with Hong Kong capital to launch the domestic RMB fund and invest in large and medium-sized domestic consumption and retail enterprises.

The fund mainly invested in consumer brands, chain stores, retail enterprises and Internet related businesses.

The investment industry includes, but is not limited to, clothing, accessories, food, beverages, restaurants, supermarkets and other large consumer industries.

Kaiser shares set up an Internet cultural industry fund.

Kaiser shares announced in March 10, 2014, the company will launch a special industrial fund, as a platform for mergers and acquisitions of the company's industry.

The fund was set up as the Shenzhen Qianhai Kaiser Venture Capital Co., Ltd., the Target Corp after its establishment as the main body of foreign investment, mainly engaged in clothing, culture and other industries equity investment or debt investment and related consulting business.