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Man Wah Holdings ( (HK:1999) ) has issued an update.
Man Wah Holdings has provided additional details on its acquisition of 100% interest in Gainline Recline Intermediate Corp., clarifying that the seller is an investment vehicle of Gainline Equity Fund, a US$1.7 billion assets-under-management private equity fund whose owners are independent of Man Wah. The company explained that the purchase price, which includes a premium of about US$7 million over the target’s net asset value as of 28 June 2025, reflects the value of the target group’s established brands and its eight manufacturing facilities in the United States. Management believes the deal will immediately give Man Wah on-the-ground manufacturing capacity and stronger brand presence in the US market, improving its positioning amid current geopolitical and macroeconomic challenges and diversifying its production base beyond existing locations.
The most recent analyst rating on (HK:1999) stock is a Hold with a HK$5.00 price target. To see the full list of analyst forecasts on Man Wah Holdings stock, see the HK:1999 Stock Forecast page.
More about Man Wah Holdings
Man Wah Holdings Limited is a Hong Kong-listed furniture manufacturer best known for its upholstered and reclining sofa products, with a strong focus on the North American market. The group has been expanding its global production footprint to improve market access and mitigate geopolitical and macroeconomic risks affecting international supply chains.
Average Trading Volume: 5,635,616
Technical Sentiment Signal: Buy
Current Market Cap: HK$18.77B
See more data about 1999 stock on TipRanks’ Stock Analysis page.