Joyou AG: New shareholder structure

(PresseBox) ( Hamburg, )
Joyou AG, a leading bathroom solution provider in China, announces that the company's major shareholders Mr. Jianshe Cai, Mr. Jilin Cai, Grohe Group and its major shareholders have agreed on a new structure of their shareholdings. Messrs. Cai will exchange their direct and indirect holdings in Joyou AG amounting to approximately 36.5 per-cent (approximately 7.9 per-cent directly and approximately 28.6 per-cent via Joyou Grohe Holding AG) for an important stake in the Grohe Group. In turn, the Grohe Group will increase their total Joyou AG shareholdings to 72.3 per-cent. The parties intend to sign a corresponding new shareholders' agreement and to complete the transaction in near term.

The free float of currently 27.7 per-cent will not be influenced by the intended transaction. A delisting or downlisting to a lower level stock market segment of Joyou AG is not intended.

The aim of the agreement is to further deepen the cooperation between Grohe Group and Joyou Group to build a world market leader in the sanitary ware industry and create a "house of brands" operating under the two brands Grohe and Joyou worldwide.
The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material.
The use of information published here for personal information and editorial processing is generally free of charge. Please clarify any copyright issues with the stated publisher before further use. In the event of publication, please send a specimen copy to service@pressebox.de.