HONG KONG, Aug. 18, 2015 /PRNewswire/ -- Shanghai La Chapelle Fashion Co., Ltd. ("La Chapelle" or the "Company", together with its subsidiaries, the "Group", stock code: 6116.HK), a fast-growing multi-brand fashion group in the PRC, today announced that Shanghai La Chapelle Business Management Co., Ltd ("La Chapelle Management"), a wholly-owned subsidiary of the Company, entered into the partnership agreement ("Agreement") with Beijing Legend Capital Fellow Investment Consultancy Partnership (Limited Partnership) ("Beijing Legend Fellows")("Partnership"). Pursuant to the Agreement, an investment partnership Tianjin Xing Kuang Enterprise Management Consulting Partnership (Limited Partnership) will be established by both parties, with a total amount of RMB153 million, of which La Chapelle Management will contribute RMB150 million and Beijing Legend Fellows will contribute RMB 3 million as the General Partner.
The purpose of establishing the Partnership is to invest in red-chip companies that are contemplating a listing in the PRC stock market, cross-border investments projects and other high growth projects. The proposed business scope of the Partnership includes management consulting, project investments and provision of investment management services. The Partnership will engage Beijing Legend Fellows to provide investment management and administrative services to the Partnership, including undertaking research and providing assistance to the General Partner during the negotiation process before making investments. The Partnership shall pay Beijing Legend Fellows a management fee on a quarterly basis during the term of the Partnership commencing from the date of its establishment.
Mr. Wang Yong, Executive Vice President of La Chapelle, said, "Entering into the Agreement and investment under the Partnership will provide the Group with more strategic overseas investment opportunities and the opportunities to explore new emerging business models, so as to further enhance the Company's competitive advantage as a whole."
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About Beijing Legend Capital Fellow Investment Consultancy Partnership (limited partnership)
Founded in 2013, a limited partnership established and managed by Legend Capital Investment Co., Ltd.. The business engaged in investment consulting operations.
About Shanghai La Chapelle Fashion Co. Ltd.
Founded in 2001, Shanghai La Chapelle Fashion Co. Ltd. is a fast-growing multi-brand fashion group in the PRC, which designs, markets and sells apparel products with a focus on mass-market ladies' casualwear. The Group strives to offer customers the latest fashions at competitive prices through a wide range of apparel products under 8 brands (5 ladieswear brands, 2 menswear brands, 1 childrenswear brand), namely La Chapelle, Puella, 7.Modifier, Candie's, La Babité, La Chapelle Homme, Pote and La Chapelle Kids. The Group sells its products to retail customer through online platform and nationwide retail network, which is directly controlled and operated by the Group. As at 31 December 2014, the Group's extensive nationwide retail network comprised 6,887 retail points located in approximately 2,200 physical locations, comprising mainly department stores and shopping malls, in cities across all 31 provinces, autonomous regions and municipalities in the PRC.
Website: www.lachapelle.cn
