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Friday, 23 August 2013, 19:00 HKT/SGT
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CICC Acquires More Than 5% of China Household Shares

HONG KONG, Aug 23, 2013 - (ACN Newswire) - On 20th August, CICC declared to raise shareholding of China Household Holdings Limited (692.hk) from 4.98% to 5.14% , actual holding of 132.12 million shares.

Company's share price rises steadily since the interim result presentation in mid-August and hit HKD 1.00 at the end of the month. The share price increased significantly with more than 30% and the closing price was HKD 1.00 on last Friday.

The Company began to acquire Zhongshan Prado (with main business as household products production and sales) at the end of 2012. In order to integrate the upstream of household industry chain, China Household have already acquired nano carbon heating technology company; wood manufacture Zhongshan City Kassade Wood Production Limited and a resourceful internet networking company.

The Company formed a complete industrial chain including production, supply and sales of household products. It starts from timber raw material trading market, household products production, manufacturing, nano-carbon heating technology to online electronic market.


Aug 23, 2013 19:00 HKT/SGT
Topic: Press release summary
Sectors: Daily Finance, Daily News
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