Acquisition of properties to strengthen the U.S. market
Source: Internet
Author: User
In order to further consolidate and expand export business, Yi Hua Wood (600978) wholly-owned subsidiary of Ikea Wood (USA) Co., Ltd. is proposed to purchase 6.5 million U.S. dollars 135 Hamilton real estate and 1.3 million dollars to buy Turandot real estate, the total transaction price of 7.8 million U.S. dollars. Company said that after this purchase, will establish the company in the eastern part of the United States Product Display Center, make full use of the company's specialized product development advantages, market service advantages, further strengthen the "Yi Hua" brand market influence, consolidate and enhance the company's market share in the United States, improve the company's core competitiveness. On the same day, the board of Directors agreed to cash-financed the company's wholly owned subsidiary of the Yi Wah Wood (US) company to increase the capital of 10 million U.S. dollars.
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