Hundred Dollar Pants Industry Officially Renamed The Development Of Cross-Border Electricity Supplier

Reporters noted that cross-border mergers and acquisitions were first acquired in July last year.

Since the world's easy purchase, the 100 round pants industry has acquired three cross-border electricity suppliers.

The change of the company name and main business scope indicates that the development direction of cross-border electric business is more and more firm.

Today, the hundred round trousers industry announced that the company held the twenty-fourth meeting of the second board of directors in May 6th, and decided to change the Chinese name of the company from "Shanxi hundred round pants chain operation Limited by Share Ltd" to "cross border treasure e-commerce Limited by Share Ltd". Its main scope and English name are changed accordingly.

Reporters noted that since the first acquisition of cross-border e-commerce in July last year, the 100 round pants industry has acquired three cross-border electricity suppliers.

The name of the company and the change in the main scope of the business, marking the direction of its cross-border e-commerce development is more and more firm.

Statistics show that the traditional business of 100 circles trousers industry is the production and sale of trousers for men and women. The target market is mainly two or three line and below cities. The target customers are mainly middle income group 25~55 years old.

Today, the pformation of cross-border electricity providers, but also in the domestic textile.

Under the background of general business difficulties, we hope to ease the pressure of domestic consumption downturn through the Internet platform and foreign consumption power.

According to the announcement, the meeting agreed to change the Chinese name of the company from "Shanxi hundred round pants chain operation Limited by Share Ltd" to "cross border treasure e-commerce Limited by Share Ltd". The English name changed from "ShanxiBaiyuanTrousersChainManagementCo., Ltd." to "GlobalTopE-CommerceCo., Ltd.". The original company's business scope added "wholesale and retail trade and online trade needle textiles, electronic products technology development and sales, import and export business, Internet information service business" and so on.

Reporters noted that the hundred circles trousers industry "touches the net" the path is firm.

From last July, after buying 1 billion stake in the global Tesco 100% stake and for the first time after entering the cross-border electricity supplier, the 100 round trousers industry was out of control. In February of this year, it invested 12 million 240 thousand yuan to win the 7.5% stake in cross-border electric business in Qianhai, Shenzhen, and then issued a notice in May 4th, with its own capital of 90 million yuan, and gained 9% of the equity of Tong technology.

The above three companies that invest in 100 round pants industry are foreign trade type cross border electricity providers, the main business is to provide services for Chinese brands to "go out".

In addition, the 100 round pants industry today renamed and changed its main business, so we can say that the company has achieved a pformation.

It is worth noting that

The recent stock price performance has been eye-catching, rising for five consecutive days, or up to 21.6%, even after the opening of early trading yesterday.