Group 1 - Company Minhua Holdings (01999) announced the acquisition of 100% equity in Gainline Recline Intermediate Corp. for a total consideration of $32 million, with the transaction expected to close on December 18, 2025 [1] - The total amount required to settle the bank financing obligations of the target group as of the closing date is $27.9939 million, which will be fully repaid through an interest-free loan of $26.6703 million from Minhua Hong Kong Trading [1] - The total cost of the acquisition, including the repayment of the target group's debts, amounts to approximately $58.7 million [1] Group 2 - The target group primarily operates in the manufacturing and sale of soft furniture in the United States, with headquarters in Northern Mississippi and two brands: Southern Motion and Fusion Furniture [2] - The target group has over 1,000 active customers in its furniture retail distribution network, which is expected to create cross-selling opportunities and cost savings through improved procurement and manufacturing efficiency [2] - The target group operates eight production facilities in Northern Mississippi, covering over 2 million square feet, and the acquisition is anticipated to expand the company's production layout in the U.S. to address international trade challenges and opportunities [2]
敏华控股附属拟3200万美元收购Gainline Recline Intermediate Corp. 100%权益