Yang Zhi cancelled the acquisition of 4.89% stake in Hunan Mendale Hometextile Co.,Ltd from Manulife Teda Fund Management Co., Ltd.
July 30, 2020
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Yang Zhi signed an agreement to acquire 4.89% stake in Hunan Mendale Hometextile Co.,Ltd (SZSE:002397) from Manulife Teda Fund Management Co., Ltd. for approximately CNY 310 million on July 1, 2019. Manulife Teda Fund Management Co., Ltd. will sell 38.12 million shares at CNY 8.09 per share. In a related transaction, Yang Zhi signed an agreement to acquire 4.89% stake in Hunan Mendale Hometextile Co.,Ltd from Golden Eagle Asset Management Co. Ltd. for approximately CNY 310 million on July 1, 2019. Prior to the transactions, Yang Zhi held no stake and after the transactions, Yang Zhi will hold 9.78% stake in Hunan Mendale Hometextile Co.,Ltd.
Yang Zhi cancelled the acquisition of 4.89% stake in Hunan Mendale Hometextile Co.,Ltd (SZSE:002397) from Manulife Teda Fund Management Co., Ltd. on July 1, 2020
Hunan Mendale Hometextile Co.,Ltd is a China-based company principally engaged in the design, manufacture and sales of home textile products, as well as the provision of home life services. The Company owns a variety of brands, such as MENDALE, MINE, MJ-BABY, Beself, MEE, Dreamcoco and Poeffen. The Company distributes its products mainly in domestic market.
HUNAN MENDALE HOMETEXTILE CO.,LTD 
