Seven-seven wolves plan to seek investment opportunities in the Singapore market

Qiong Zhixiong, an executive director of the Fujian private-owned company Sephora Group (Asia), expressed that he hopes to find investment opportunities in the Singapore market by acquiring initial public offerings, private equity and equity investments.

He said: "Because the domestic threshold is relatively high, many Chinese listed companies have moved to Singapore, and the price-earnings ratio is relatively low here. The domestic high price-earnings ratio is something we are worried about."

However, he also stated that the group is not very familiar with the laws and regulations of Singapore and that the language used here is English, so there are also difficulties in understanding.

Zeng Zhixiong paid a visit to Singapore in recent days and hopes to be familiar with Singapore’s funds and other institutions. After staying in Singapore for three or four days, he admitted that although he does not know Singapore yet, he is willing to negotiate short-term or long-term cooperation in the capital market.

He also stated that there are more companies in Guangdong and Fujian that are listed overseas, and they are relatively familiar with Fujian companies, so the group is more focused on cooperation with these companies.

Zeng Zhixiong disclosed that the current market value of the group is RMB 5 billion, which is worth a total of RMB 10 billion if it is invested in other companies such as Industrial Bank.

Seven wolves group dominates the development, production, and sales of apparel, involving footwear, wine, watch industry, real estate development, financial investment, trade and other industries. It is a comprehensive company with brand management as the core and diversified operation.

The company's core subsidiary, Fujian Septwolves Industry, is a large company that manages seven wolf brand men's casual wear and has been listed on the Shenzhen Stock Exchange. In 2000 and 2001, it was continuously confirmed by the China National Business Information Center that the “seven wolves jacket (casual wear) market comprehensive occupation rate” ranked first among similar products and won “the most popular apparel brand for Chinese consumers in 2001”. First place."