A worker is busy at a wood processing enterprise in Luannan County, north China's Hebei Province, Sept. 4, 2020. (Xinhua/Yang Shiyao)
BEIJING, June 7 (Xinhua) -- Qumei Runto, a wholly-owned subsidiary of China's leading furniture company Qumei Home Furnishings Group Co., Ltd. (Qumei, 603818.SH) has recently signed an agreement with Zhuhai Gaoling Deyou Investment Management Co., Ltd. on equity financing, reported stcn.com quoting Qumei's announcement on June 2.
According to the agreement, Zhuhai Gaoling Deyou Investment Management Co., Ltd., an investment management company based in Zhuhai of south China's Guangdong Province, will invest 200 million yuan in Qumei Runto by way of capital increase, after which it will hold 4.76 percent of the shares of Qumei Runto.
Public information shows that Qumei Runto was founded on February 10, 2018, with its registration place as Luxembourg and registered capital standing at 12,000 euros. It is a special purpose company established by Qumei for the acquisition of Ekornes AS, a world-renowned furniture manufacturer.
(Edited by Zhang Yao, Gu Shanshan with Xinhua Silk Road, gushanshan.1987@163.com)
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