Belle International withdraws shares on the Hong Kong Stock Exchange following privatization

Hong Kong, 2017-Jul-31 — /EPR Retail News/ — Belle International Holdings Limited (“Belle International” or the “Company”) announces that its privatization by way of a Scheme of Arrangement (“the Proposal”) has officially taken effect on July 25, 2017 (Cayman Islands time).

The Proposal led by a consortium consisting of Hillhouse Capital Group (“Hillhouse”), CDH Investments (“CDH”) and Mr. YU Wu and Mr. SHENG Fang, Executive Directors of Belle International was approved by Belle International’s disinterested shareholders at the Company’s Court Meeting and Extraordinary General Meeting on July 17, 2017 and sanctioned by the Cayman Court on July 24, 2017.

Mr. SHENG Baijiao, CEO of Belle International said, “I’m delighted to see over 98% of shareholders vote in favor of the proposed privatization and express sincere gratitude for their continued support over the years. With the necessary resources from Hillhouse and CDH, accompanied by the new generation of management team, I hope the Company can implement the needed transformation and achieve sustainable growth in the long-term.”

“We are pleased to see shareholders’ agreement and recognition of the proposed privatization”, said Mr. ZHANG Lei, Founder and CEO of Hillhouse Capital. “We truly believe that our team is able to enact the technology- and innovation-driven transformation needed to help Belle International regain long-term competitiveness in a challenging retail market environment.”

A CDH representative commented, “We have been supporting the Company to overcome various headwinds over the years. We are excited to see that the Company’s shareholders agree and support the Consortium’s Proposal. We look forward to working with Hillhouse and the Company to implement the business transformation plan in the future.”

Post-privatization, Hillhouse holds 57.6% of the Company, while CDH holds 11.9% and other participating management, including Mr. YU and Mr. SHENG, holds 30.5%.

The withdrawal of Belle International’s shares on the Hong Kong Stock Exchange has become effective from 4 pm on 27 July, 2017. A cancellation consideration of HK$6.30 per share in cash will be paid to the Company’s shareholders by 3 August, 2017.

Investor Relations:

Tel:+86 755 8287 7385
E-mail:ir@belle.com.cn

Source:  Belle International Holdings Limited

Belle International wins Family-Friendly Employers and Breastfeeding Support awards in 2015/16 Family-Friendly Employers Scheme

Belle International wins Family-Friendly Employers and Breastfeeding Support awards in 2015/16 Family-Friendly Employers Scheme
Belle International wins Family-Friendly Employers and Breastfeeding Support awards in 2015/16 Family-Friendly Employers Scheme

 

Shenzhen, China, 2016-Dec-01 — /EPR Retail News/ — To recognize the commitment and effort in demonstrating a family-friendly spirit, Belle International was presented with two awards, namely “Family-Friendly Employers” and “Awards for Breastfeeding Support”, in the “2015/16 Family-Friendly Employers Scheme” co-organized by the Home Affairs Bureau and the Family Council.

The biennial Award Scheme, with more than 2,700 companies and organizations taking part this year, aims to recognize employers who attach importance to the family-friendly spirit.  Belle International is delighted toreceive the two recognitions on her first attempt.  In the long run, the Group will continuously live up to the “Family-friendly spirit”, foster a pro-family culture and strive for a win-win situation between employer and employees.

Contact:

Tel:+86 755 8287 7388

Source: Belle International

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Belle International associate Baroque Japan Limited listed on Tokyo Stock Exchange

belle-international-associate-baroque-japan-limited-listed-on-tokyo-stock-exchange
belle-international-associate-baroque-japan-limited-listed-on-tokyo-stock-exchange

 

Shenzhen, China, 2016-Dec-01 — /EPR Retail News/ — On 1 November, Baroque Japan Limited (“Baroque”), an associate of Belle International, was listed on the first section of the Tokyo Stock Exchange.

Belle International has invested in Baroque since August 2013, with an aim to gain entry into the fashion apparel and accessories field in China.  In the 3 years since the set up of China joint ventures, Belle International was successfully in building a team and improving the quality of operations.  The cooperation with the Japan team has been fairly smooth.  At the same time, with rapid growth and a much larger scale, the China business is increasingly more important to Baroque.  There is already a very strong tie of business collaboration and interdependence.

Baroque’s business in China is primarily for the fashion apparel brands including MOUSSY and SLY.

Contact:

Tel:+86 755 8287 7388

Source: Belle International

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Belle International recognized for its manpower training and development

Shenzhen, China, 2016-Jul-26 — /EPR Retail News/ — Since 2012, Belle International has been recognized as Manpower Developer (MD) under the “ERB Manpower Developer Award Scheme” organized by the Employees Retraining Board (ERB), in recognition of her outstanding achievements in manpower training and development.  This year, Belle International is pleased to receive its highest honour – the “Grand Prize Award” at the Presentation Ceremony 2015-16.  To optimize human resources, Belle international has been continuously enhancing the management of workforce and its internal and external training programmes in order to attract and retain more talents.  Employees were also provided with clear career path and development opportunities to demonstrate their ability and skills.

Investor Relations:

Tel:+86 755 8287 7385
E-mail: ir@belle.com.cn

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Belle International recognized for its manpower training and development
Belle International recognized for its manpower training and development

 

Source: Belle International

Belle International recognized for its environmental efforts with 2015 Hong Kong Awards for Environmental Excellence Certificate of Merit

Shenzhen, China, 2016-Jul-26 — /EPR Retail News/ — To recognize the commitment and effort to the environment, Belle International was presented with the Certificate of Merit (Shops and Retailers) of 2015 Hong Kong Awards for Environmental Excellence (HKAEE) at the presentation ceremony held on 19 April 2016 at the Hong Kong Convention and Exhibition Centre.

The HKAEE, organized by the Environmental Campaign Committee (ECC) together with Environmental Protection Department (EPD) and nine organizations, is considered one of the most reputable environmental award schemes in Hong Kong. Winners will be selected from a rigorous assessment process.  Those who demonstrated excellence performance in the aspects of Green Leadership, Program & Performance, and Partner Synergy will receive an award or a certificate.

Investor Relations:

Tel:+86 755 8287 7385
E-mail: ir@belle.com.cn

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Belle International recognized for its environmental efforts with 2015 Hong Kong Awards for Environmental Excellence Certificate of Merit
Belle International recognized for its environmental efforts with 2015 Hong Kong Awards for Environmental Excellence Certificate of Merit

 

Source: Belle Int.