FUN, a famous clothing brand in Xiamen, was once popular all over the country with the hoarse voice of its spokesperson and popular singer Adu. However, at present, its head office, Li Fen International, has transferred its main factory building in Xiamen with a total price of HK$ 50 million to repay its debts.
According to Fenfa International's announcement, on May 2 1, Xiamen Fenfa, an indirect wholly-owned subsidiary of the company, entered into a sales agreement with the buyer to sell the land with an area of 8,724 square meters and all the buildings on it in Xinhe Industrial Park 1 to 18 for a total price of HK$ 50 million.
This property transfer will bring the company a pre-tax net income of HK$ 6,543,800+0,780,000. Fenfa International also explained that the above-mentioned factory was originally used to produce clothing products in retail stores, but due to the reduction of business, the Group no longer produces clothing products by itself, and all product orders have been outsourced, so most of the properties have already been rented out to obtain rental income. In addition, selling the factory to pay off debts and improving the financial situation is also a big reason.
According to the data, Xiamen FUN Enterprise Co., Ltd. has invested and developed in Chinese mainland for 20 years, and has the total management right of the famous American clothing brand FUN in the Asia-Pacific region.