Haitong Tourongbao No.1 Collective Asset Management Plan managed by Shanghai Haitong Securities Asset Management Company Ltd signed a stock transfer agreement to acquire a 5.11% stake in Jason Furniture Co.,Ltd. from Kuka Group Company Limited for CNY 1.9 billion.
August 24, 2020
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Haitong Tourongbao No.1 Collective Asset Management Plan managed by Shanghai Haitong Securities Asset Management Company Ltd signed a stock transfer agreement to acquire a 5.11% stake in Jason Furniture (Hangzhou) Co.,Ltd. (SHSE:603816) from Kuka Group Company Limited for CNY 1.9 billion on August 21, 2020. Under the terms of the transaction, Haitong Tourongbao will acquire 32 million shares of Jason Furniture at CNY 58.4 per share. The transaction is expected to complete within 30 trading days from the date of the signing of the agreement.
Jason Furniture (Hangzhou) Co., Ltd. is a China-based company and mainly engaged in research and development, design, manufacture and sales of soft furniture products used in sitting room and bedroom. The main products of the company include sofa, soft bed, dining chair, mattress and matching products. The Company distributes its products in domestic and to overseas markets.
Haitong Tourongbao No.1 Collective Asset Management Plan managed by Shanghai Haitong Securities Asset Management Company Ltd signed a stock transfer agreement to acquire a 5.11% stake in Jason Furniture Co.,Ltd. from Kuka Group Company Limited for CNY 1.9 billion.
JASON FURNITURE (HANGZHOU) CO.,LTD. 
