affairs has alarmed the entire home industry
Posted by Liu Er over 6 months ago
However, as of press time, the company’s staff members failed to contact the company because they said they were out of the office. The dispute over the failure of the acquisition of over 2 billion Kyrgyzstan and Red Star McGrawy has actually been entrenched for three years.
In February this year, media reports said that Red Star Macalon and JSWB have signed the “Agreement on Equity Acquisition Framework.” Pursuant to the agreement, Red Star acquires the operations of the Shanghai JSWB home market held by the original right holders for RMB 2.2 billion in cash.
The 100% equity interest in the company, as well as all rights related to JSWB brand and intangible assets owned by JSWB Management. In the prospectus published by the Red Star Macalon on April 25, the deal was also mentioned. This state of affairs has alarmed the entire home industry.
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