Nova LifeStyle, Inc. Celebrates the Cooperation with Everbright Securities International
FOR IMMEDIATE RELEASE
Nova LifeStyle is celebrating the cooperation with Everbright Securities International Ltd, a subsidiary of Everbright Securities and China Everbright Ltd. (“Everbright”), one of the largest investment banks in Mainland China and Hong Kong, as Financial Advisor to explore strategic options with respect to potential opportunities in capital markets in Hong Kong and potentially unlock significant value for the company’s shareholders.
Specifically, Everbright will advise the Company with respect to potential opportunities in capital markets in Hong Kong and mainland China, where companies in similar industries to Nova LifeStyle generally trade at high double-digit earnings multiples.
Nova LifeStyle, Inc. will continue to operate its normal course of business, while the Company evaluates and pursues its various strategic options in the near future.
On July 5, 2015, at the Company welcome cocktail party at Langham Hotel, Pasadena, Ca., announced that it formed a special committee to consider potential opportunities following the receipt of inquiry letters from certain funds and securities firms that have indicated an interest in investing in the Company.
Nova LifeStyle, Inc. a US based , leading innovative designer, manufacturer and distributor of modern Lifestyle furniture and Everbright Securities in China with headquarters in Beijing and branch offices in Hong Kong, Dailian, Fuzhou,Ningbo, Zhengzhou,Qingdao, Changsha and Tianjin.