Man Wah Holdings Limited has provided an update regarding its acquisition of 100% interest in Gainline Recline Intermediate Corp. The company paid a premium of approximately US$7 million over the net asset value of the acquired shares, reflecting the value attributed to Gainline Recline’s established brands and its eight manufacturing facilities in the United States. Man Wah Holdings believes that immediate access to these facilities, in a market where it previously had no manufacturing presence, will strengthen its position given current geopolitical and macroeconomic conditions. The vendor, Gainline Equity Fund, is managed by an affiliate with around US$1.7 billion in assets under management as of late November 2025.
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