Sinomax Group (HKG:1418) agreed to invest a further HK$45.9 million in M DK Holdings, a business engaged in home and sleep products, according to a Hong Kong bourse filing on Tuesday.
The mattress manufacturing company's Treasure Range unit will buy 20,202 shares of M DK Holdings at HK$2,272.05 apiece, representing 18.18% of the business' enlarged share capital.
Following the sale, Sinomax will own 55% of M DK Holdings, and the firm will become a non-wholly owned subsidiary of the company.
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