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01999 MAN WAH HLDGS
RTNominal up5.150 +0.110 (+2.183%)
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28/12/2017 09:21

Man Wah (01999) to buy metal frame and recliner businesses

[ET Net News Agency, 28 December 2017] Man Wah Holdings (01999) said it has entered
into two agreements in relation to acquisitions of Jiangsu Delanshi Furniture Co., Limited
and Jiangsu Yulong Intelligent Technology Co., Limited for Rmb20 million and Rmb300
million respectively.
Jiangsu Delanshi is principally engaged in the business of manufacturing and sales of
sofas, mainly recliner sofas. Jiangsu Yulong is principally engaged in the production and
sales of metal components for furniture business, mainly metal frames. (HL)

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