17 Sep 2014 16:50
17 September 2014
JIASEN INTERNATIONAL HOLDINGS LIMITED
嘉森國際控股有限公司
Change of Registered Office
Jiasen International Holdings Limited ("Jiasen" or the "Group") announces that it has changed its registered office to Commerce House, Wickhams Cay 1, P. O. Box 3140, Road Town, Tortola, VG1110, British Virgin Islands with immediate effect.
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).