After the transaction is completed, Aite.com will become a subsidiary of Black Peony, which can enjoy the capital operation platform of Black Peony, enhance its financing ability, break through the capital bottleneck in the process of rapid development, achieve leapfrog development, better expand its business, seize market share and enhance its profitability.
Black Peony is a state-owned listed company integrating denim fabric, clothing, yarn-dyed fabric and other manufacturing industries, urban comprehensive function development, innovative industries and new business investment. At present, the main business of Black Peony includes urbanization, textile and clothing, and industrial investment.