Brief: Nova Lifestyle signs share transfer agreement to sell China-based subsidiaries to Kuka Design

XMax

29/09/2016 21:05

Sept 29 (Reuters) - Nova Lifestyle  NVFY.O :  
    * Based subsidiaries to Kuka Design Limited for an aggregate 
purchase price of $8.5 million 
    * Upon closing, company will no longer own nova bvi or its 
subsidiaries based in mainland China. 
    * As a part of transaction, company incorporated a new 
direct wholly owned subsidiary Nova Samoa 
    * Based subsidiaries to Kuka Design limited for an aggregate 
purchase price of $8.5 million 
    * Under deal, company transferred another direct wholly 
owned subsidiary Nova BVI to Nova Samoa 
 
Source text for Eikon:  ID:nGNXNHFYPa  
Further company coverage:  NVFY.O  
 
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