Moore Stephens Corporate Finance has advised on its second AIM admission this month, with Jiasen International Holdings Limited commencing trading from today. This admission makes Jiasen the 10th largest Chinese company currently trading on AIM.
This latest AIM admission takes the total number of Chinese companies trading to 50. This is a significant milestone for Chinese investors and businesses, and highlights the AIM market as an attractive and lucrative option for international companies seeking growth.
Jiasen is a leading designer, manufacturer and wholesaler of high-end wooden home furnishings, doors and wooden design solutions. Its UK customer base includes B&Q and it has a workforce of more than 1,400 employees.
With a market capitalisation of approximately £100m, Jiasen is the 10th largest Chinese company trading on AIM. The £2.3m gross proceeds raised will be used to assist the directors with its growth strategy of increasing production capacity, expanding and diversifying products, expanding its distribution network, increasing brand awareness and building international partnerships.
Kian Tan, CFO of Jiasen International Holdings Limited said: “Moore Stephens was a key member of the professional advisory team contributing to the successful listing of Jiasen International on AIM and I thoroughly enjoyed working with them. We look forward to growing the business prosperously together with Moore Stephens.”
Moore Stephens Corporate Finance, led by Marty Lau, acted as Reporting Accountant to the transaction. Marty leads the Corporate Finance China Services Desk, which provides solutions to successful Chinese businesses with global growth strategies.
Marty Lau commented: “We are delighted to have worked closely with Jiasen on their successful AIM admission. There are now 50 Chinese companies trading on AIM and this looks set to increase in the future. AIM is a credible option for Chinese companies seeking a relatively quick, cost-efficient and competitive way of raising funds to facilitate future success.”
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