London Stock Exchange welcomes Jiasen International Holdings Limited to AIM
London Stock Exchange today welcomed Jiasen International Holdings Limited (“Jiasen”, "the Company") to a ceremony to celebrate the admission of its shares for trading on AIM, which commenced on Monday 14 July 2014.
Jiasen is a designer, manufacturer and wholesaler of wooden home furnishing, high-end solid wooden doors and other wooden design solutions to both the domestic Chinese and overseas market. 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.
The Group’s products are sold principally to property development projects, through branded ‘Fuyou’ retail stores and through export markets to retailers such as B&Q in the UK.
Jiasen is the market leader by sales value within the high-end solid wooden doors segment in the PRC.
Commenting on the Company's AIM listing, Weigang Chen, Chairman of Jiasen, said: “I am delighted that we have successfully admitted to AIM. This is a proud day in the history of Jiasen. We have developed a leading brand and consistently delivered robust financial growth using our wide distribution network. The developing trend towards semi-furnished properties in China means that Jiasen are in a prime position to benefit as we look to increase production and drive our expansion programme."
Cairn Financial Advisers LLP is the nominated adviser and Hume Capital is the broker to the Company.