15 Jul 2014 07:00
JIASEN INTERNATIONAL HOLDINGS LIMITED
嘉森國際控股有限公司
DECLARATION OF FIRST INTERIM DIVIDEND
The Board of Directors of Jiasen International Holdings Limited, is pleased to announce that, in line with the recommendation made on its admission to AIM yesterday on 14 July 2014, it is declaring a total inaugural interim dividend payment for the six months ended 30 June 2014 of £1,824,845.42, based on 121,656,361 outstanding shares.
The interim dividend shall be 1.50 pence per share and will be paid to all shareholders on the register as at the close of business on Friday, 1 August 2014. The associated ex-dividend date is 30 July 2014.
It is expected that the dividend will be paid before 12 September 2014 and a further announcement will be made in respect of the timing of the payment.
Weigang Chen, Chairman of Jiasen, said:
"We are delighted to announce our first dividend, in line with the Board's firm commitment to maintain our attractive dividend policy. I would like to welcome our new shareholders and thank them for their support and commitment to the business."
Further enquiries:
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 (Broker) | Guy Peters | +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 December 31, 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 Company's products are sold in three main segments: residential and property development projects, wholesale and export.
· In FY13, the Directors estimate the Company sold in excess of 300,000 solid wooden doors, fixture items and furniture pieces and generated Group revenue of RMB782.8million (circa £77.2million) and net profit after tax of RMB177.8million (circa £17.5 million).