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Jul 15, 2021 08:01 PM (GMT+8) · EqualOcean
Qumei home announced that Ekornes QM holding as, a Norwegian wholly-owned subsidiary of the company, recently signed an equity transfer agreement with Ruisi Holding Company Limited (the "counterparties"), and Ekornes QM holding as acquired 9.5% of the shares of Ekornes holding as held by the counterparties in cash, with the transaction consideration of equal NOK 741 million. After the completion of the acquisition, Ekornes as will become a wholly-owned subsidiary of the company, which will further increase the net profit attributable to the parent company in the consolidated statements of the company, which is in line with the interests of the company and all shareholders.

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