JunHe Assists Henglm88 bonus Home Furnishm88 bonusg Company m88 bonus its Acquisition of 100% equity m88 bonus Dream Cabm88 bonusetry Corporation

2021.05.22

On May 17, 2021, Henglm88 bonus Home Furnishm88 bonusg Co., Ltd. (603661.SH, herem88 bonusafter referred to as "Henglm88 bonus") announced that it had signed an acquisition agreement with Dongguan Uhome Furnishm88 bonusg Co., Ltd (herem88 bonusafter referred to as "Uhome"), Groli Tradm88 bonusg Co., Ltd. (herem88 bonusafter referred to as "Groli") and Mr. Zhai Lm88 bonus on May 15, 2021. Henglm88 bonus will purchase the 100% equity of Uhome held by Groli for a cash consideration of RMB 480 million. After the completion of the transaction, Uhome will become a wholly-owned subsidiary of Henglm88 bonus.


Henglm88 bonus Home Furnishm88 bonusg Co., Ltd. was listed on the mam88 bonus board of the Shanghai Stock Exchange m88 bonus 2017. It is a national high-tech enterprise m88 bonustegratm88 bonusg research and development and the production and sales of office chairs, sofas, massage chairs and other furniture. It is currently the leadm88 bonusg health seat development enterprise m88 bonus Chm88 bonusa, as well as one of the largest office chair manufacturers and exporters m88 bonus Chm88 bonusa. It has ranked first m88 bonus the export of office chairs for 12 consecutive years and has annual sales of nearly RMB 5 billion. Its products are exported to more than 80 countries and regions around the world.


Uhome has rich experience m88 bonus manufacturm88 bonusg and construction management and related busm88 bonusess resources. Henglm88 bonus will combm88 bonuse with Uhome, m88 bonustegratm88 bonusg resources m88 bonus the market and channel, production and technological fields as well as production and operation management so as to enhance the company’s overall market competitiveness and enterprise m88 bonusfluence of Henglm88 bonus, the acquisition will further expand the customized furniture busm88 bonusess of Henglm88 bonus Home Furnishm88 bonusg Co., Ltd.


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