Infore Group recently announced that an affiliate had signed a Strategic Cooperation and Share Transfer Agreement with Gujia Group

Released time:2023-11-12Pageviews:22504

Infore Group recently announced that an affiliate had signed a Strategic Cooperation and Share Transfer Agreement with Gujia Group. Under the agreement, the affiliate would acquire a 29.42% stake in KUKA HOME (603816) through a negotiated share transfer.

The proposed transaction reflects Infore Group’s strategic plans and assessment of the market. At the time of the announcement, completion remained subject to the relevant regulatory reviews and the parties reaching agreement on the transaction details.

KUKA HOME is one of China’s leading home furnishing companies. Its business reaches more than 120 countries and regions, and it operates over 6,000 branded stores. Its portfolio includes the KUKA HOME brand, German premium brand ROLF BENZ, contemporary Chinese-style brand ORIENT CASA and accessible lifestyle brand TIANXIPAI. It also has strategic partnerships with American recliner brand LAZBOY and Italian premium brand NATUZZI. Together, these offerings have helped more than 10 million families enjoy a better life at home.

Supported by China’s continued economic development and rising living standards, Infore Group is confident in the long-term prospects of the home furnishing industry and in KUKA HOME’s future as an industry leader. An important consideration in the proposed acquisition is Infore Group’s strong recognition of the achievements of KUKA HOME’s professional management team, led by President Li Donglai.

Infore Group has long followed a dual-engine model of industry and investment and has extensive experience in integrating businesses. Its industry resources and investment experience can help accelerate KUKA HOME’s development. The two companies expect to create strategic synergies through industry support, resource integration and other areas of cooperation, further strengthening KUKA HOME’s competitiveness.

Looking ahead, Infore Group will work with other shareholders to maintain and deepen its cooperation with KUKA HOME’s professional management team. It will support the company’s established strategy and organizational arrangements while drawing on the team’s professionalism and dedication. The Group also aims to improve KUKA HOME’s corporate governance, delegation of authority and operating practices to support its continued healthy development.

Infore Group will support KUKA HOME in maintaining its existing business operations and strong relationships with partners. It will continue to encourage mutually beneficial cooperation and stable partnerships, helping the company provide better products and services to consumers, create greater value for shareholders and other stakeholders, and enable families around the world to enjoy happier lives at home.

For further details and updates on the share transfer, please refer to KUKA HOME’s official disclosures.