8 Sep 2014 14:49
JIASEN INTERNATIONAL HOLDINGS LIMITED
嘉森國際控股有限公司
Director's Share Dealings
Jiasen International Holdings Limited ("Jiasen" or the "Company") announces that it was today notified that Mr Tsoi Ping Ping, a shareholder of the Company, has, today, transferred 179,400 ordinary shares of US$0.10 in the Company ("Ordinary shares") at nil cost to Mr Kian Tan, Chief Financial Officer of the Company.
Under the terms of his lock-in agreement, Mr Tsoi Ping Ping sought the consent of Cairn Financial Advisers LLP ("Nomad") and Hume Capital plc ("Broker") to transfer the shares. Mr Kian Tan has entered into a lock-in and orderly market deed on identical terms to those entered into by Mr Tsoi Ping Ping, Mr Weigang Chen, Mr Jinji Chen and Mr Tianzhi Chen, as set out in the Company's Admission Document. Accordingly, Mr Tan will be unable to reduce his holding before the 7 July 2015 without the consent of the Broker or Nomad and, for the 12 months after the first anniversary of the Company's admission on 14 July 2015, any sale must be made through the Company's Broker in order to maintain an orderly market.
Following the transfer of the shares, Mr Tsoi Ping Ping will remain interested in 59,225,600 Ordinary Shares representing approximately 48.68 per cent. of the Company's issued share capital. Mr Kian Tan is interested in 179,400 shares representing 0.15 per cent. of the Company's issued share capital.
The issued share capital of the Company comprises 121,656,361 Ordinary Shares.
For further information, please visit www.jsih.net or contact:
Jiasen International Holdings Limited | Tan Kian
| +86 18016603993 |
Cairn Financial Advisers LLP (Nominated Adviser) | Jo Turner Liam Murray
| +44 (0)20 7148 7900 |
Hume Capital Securities plc (Broker) | Guy Peters Abigail Wayne | +44 (0)20 3693 1470
|
Cardew Group | Shan Shan Willenbrock David Roach Lauren Foster | +44 (0)20 7930 0777 |
Notes to Editors
· Jiasen (PRC) was established in 2001 and is based in Quanzhou City, Fujian province, located in south-eastern China. Its products are sold and marketed under the 'Fuyou' brand and produced in its 83,000 sqm factory in Nan'an City, Fujian province by its workforce of more than 1,400 employees. According to Euromonitor International Limited, Jiasen PRC, ranked first in terms of manufacturer sales value for the year ended 31 December 2012 within the high-end solid wooden doors segment in China, with an estimated market share of 6.1%.
· The Group's main products include doors, wall panels and assorted fixtures, such as fitted wardrobes, cupboards and skirting boards, and furniture which are sold principally to property development projects, through branded 'Fuyou' retail stores and to export markets to retailers such as B&Q in the UK. The Group's products are sold in three main segments: residential and property development projects, wholesale and export.
· In FY13, the Directors estimate the Group sold in excess of 300,000 solid wooden doors, fixture items and furniture pieces and generated Group revenue of RMB 782.8million (circa £77.2million) and net profit after tax of RMB 177.8million (circa £17.5 million).