Guangdong Xinbao Electrical Appliances Holdings Co., Ltd completed the acquisition of Morphy Richards Appliances Ltd from Glen Electric Ltd. for $198 million.
Guangdong Xinbao Electrical Appliances Holdings Co., Ltd (SZSE:002705) completed the acquisition of Morphy Richards Appliances Ltd from Glen Electric Ltd. for $198 million on February 28, 2023. Zhou Tao, Liu Xiaofei and Pan Bo of Grandway Law Offices acted as legal advisor to Guangdong Xinbao Electrical Appliances Holdings.