KUKA Listed A-Share On Shanghai Stock Exchange
Furniture World News Desk on
10/23/2016
KUKA Home, an international manufacturer of upholstery, dining and home accents, recently announced that the company has officially listed A-Shares on the Shanghai Stock Exchange. Jiangsheng Gu the Chairman of KUKA, announced the company has officially gone public, with the initial public offering of 82.5 million shares.
"We will take advantage of capital to boost our brand," Gu said at the bell ceremony. All the capital raised after being listed will be used for enlarging production capacity, marketing, channels and many other domains, which helps to open a brand new journey for KUKA.
Being on the stock market will have a tremendous development and a strong, far-reaching impact for the upholstery market. Companies which have the capacity to enter A-share market is very rare in the furniture industry. The entry of KUKA will add a new power and promote the help from capitals in the industry and its growth.
More about KUKA Home: KUKA is one of the leading upholstery manufacturers in China. Led by its founder, Yuhua Gu, who established KUKA in 1982, the vertically integrated company produces dining room, bedroom, home office, home entertainment, occasional, leather, upholstery and motion furniture, as well as home accents. KUKA operates four upholstery factories in China that cover 14 million square feet and two export factories that cover 2.15 million square feet. Altogether, the six factories employ more than 9,100 workers. With more than 2,800 retail stores worldwide, both company-owned and franchised, the company exports to 119 countries and operates 15 offices worldwide to provide its customers around the globe with localized service solutions, including logistics and customer service. KUKA group’s total turnover/sales? KUKA Home is a division of KUKA International, along with the company’s K-Motion division.