Wednesday, May 23 2018

VietNamNews

Furniture firm buys Hong Kong's Mass Noble

Update: November, 29/2014 - 09:28
In its announcement last Thursday, DLG said the purchase would help it save a huge amount of money upon entering a new market segment.
GIA LAI (VNS)  — Furniture provider Duc Long Gia Lai (DLG) has purchased Hong Kong-based electronics equipment company Mass Noble by issuing 23.2 million shares to swap for Mass Noble shares.

In its announcement last Thursday, DLG said the purchase would help it save a huge amount of money upon entering a new market segment. In addition, the company plans to issue five million convertible bonds to fund its projects. DLG yesterday finished lower by 3.2 per cent at VND12,100 per share. — VNS


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