Changes in Hong Kong stocks | Minhua Holdings (01999) opened nearly 5% and recently plans to acquire 7.6841 million DFS shares to further expand the layout to European terminal channels

The Zhitong Finance App learned that Minhua Holdings (01999) opened nearly 5% higher. As of press release, it had risen 4.99% to HK$3.05, with a turnover of HK$2,313 million.

According to the news, Minhua Holdings recently announced that the company signed the agreement with the seller Minhua Huang Family Investment Co., Ltd. Based on this, the seller agreed to sell and the company agreed to acquire the target DFS shares (7.6841 million DFS shares) at a cost of £124.713 million.

According to information, DFS is one of the “top ten customers” of Minhua Holdings in the European market. The company is evolving from a functional sofa manufacturer that simply relies on Asian exports to a comprehensive upholstered furniture group with global manufacturing, local manufacturing, multi-brand products, and a cooperative network of large retailers. The company's US strategy emphasizes “global scale+local manufacturing+retailer network”, and this continued shareholding in DFS has further extended this layout to European terminal channels.