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BRIEF-Nova Lifestyle signs share transfer agreement to sell China-based subsidiaries to Kuka Design
September 29, 2016 / 8:21 PM / a year ago

BRIEF-Nova Lifestyle signs share transfer agreement to sell China-based subsidiaries to Kuka Design

Sept 29 (Reuters) - Nova Lifestyle :

* Based subsidiaries to Kuka Design Limited for an aggregate purchase price of $8.5 million

* Upon closing, company will no longer own nova bvi or its subsidiaries based in mainland China.

* As a part of transaction, company incorporated a new direct wholly owned subsidiary Nova Samoa

* Based subsidiaries to Kuka Design limited for an aggregate purchase price of $8.5 million

* Under deal, company transferred another direct wholly owned subsidiary Nova BVI to Nova Samoa Source text for Eikon: Further company coverage:

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