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Kellwood Co-Smart Shirts Business & Ningbo Youngor(Group)Co Ltd	Update Date: 01/24/09
Date Announced: 11/06/07
Value (million $USD): 120.0 million U.S. Dollar 931.7 million Hong Kong Dollar

Status: Completed

TRANSACTION DETAILS
Date Announced	11/06/07
Date Originally Announced	11/06/07
Format	Acq. of Assets	Acquisition techniques	Divestiture
Attitude	Friendly	Agency	Unspecified Regulatory Auth.
Value	120.0 million U.S. Dollar 931.7 million Hong Kong Dollar	Advisor Fees	n/a

SYNOPSIS
HONG KONG - Ningbo Youngor (Group) Co Ltd acquired the Smart Shirts Business of Kellwood Co, a men's and women's sportwear manufacturer, for an estimated 931.692 mil Hong Kong dollars (893.483 mil Chinese yuan/$120 mil US) in cash. The transaction was approved by the board of directors and had beenl subject to customary closing condition and regulatory approval.

TARGET
Name	Kellwood Co-Smart Shirts Business
Industries	Men's and boys' clothing, nec; Men's and boys' separate trousers and slacks; Men's shirts and nightwear; Men's and boys' suits, coats, and overcoats; Men's and boys' neckwear; Men's and boys' underwear and nightwear; Men's and boys' work clothing; Women's, misses', & juniors' blouses and shirts; Women's, misses', & juniors' outerwear, nec; Women's, misses', & juniors' suits, skirts, coats; Women's, misses', & children's underwear,nightwear; Women's, misses', & juniors' dresses; Women's full & knee-length hosiery, except socks; Women's and children's clothing and accessories
City	n/a
State	n/a
Nation	Hong Kong
Incorporated in	n/a
Public Status	Subsidiary
Business Description	Provide engineering and Manufacture and wholesale architectural services clothing products, including shirts, dress, skirts, pants, suits, nightwear, outerwear and work clothes
Advisors	UBS Investment Bank
Target Sales	n/a

ACQUIROR
Name	Ningbo Youngor(Group)Co Ltd (Shanghai : 600177)
Industries	Men's and boys' separate trousers and slacks; Men's shirts and nightwear; Men's and boys' suits, coats, and overcoats; Men's and boys' neckwear; Men's and boys' underwear and nightwear; Men's and boys' work clothing; Men's and boys' clothing and furnishings; Women's, misses', & juniors' blouses and shirts; Women's, misses', & juniors' outerwear, nec; Women's, misses', & juniors' suits, skirts, coats; Women's, misses', & children's underwear,nightwear; Women's, misses', & juniors' dresses; Women's full & knee-length hosiery, except socks; Women's and children's clothing and accessories; Land subdividers and developers, except cemeteries
City	Ningbo
State	n/a
Nation	China
Incorporated in	n/a
Public Status	Public
Business Description	Ningbo Youngor (Group) Co Ltd, located in Ningbo, manufactures and wholesales garment products. The company is also a real estate development firm. The company was founded in 1979.
Advisors	NULL
Acquiror Sales	n/a

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