VietNamNet Bridge – Duc Long Gia Lai Joint Stock Company is on the process of acquiring Mass Noble, a Hong Kong-based consumer electronics manufacturer, according to the firm’s Board of Directors.
Mass Noble’s key markets include the US and Europe, which contribute almost 80% revenue of the company. Mass Noble’ sales and EBITDA (earnings before interest, taxes, depreciation, and amortization) in 2014 is expected to reach US$50mil and $2.5 mil respectively.
Duc Long Gia Lai Group is a manufacturer of wood furniture, based in Gia Lai Province, in Vietnam’s Central Highlands. The Company’s products include indoor and outdoor furniture, such as tables, chairs, desks, beds, television cabinets, floor-boards and wardrobes. These products are produced for domestic customers as well as export.
The Company is also engaged in granite and basalt stone mining and processing for export and domestic demand as well as operation of bus stations, passenger transportation, hotel and resort services. In addition, the Company is expanding its business to rubber planting and processing, mineral mining and processing including metallic and non-metallic minerals, road infrastructure construction, hydroelectricity generation investment and real estate construction and development.
PV
Duc Long Gia Lai acquires Mass Noble Related image(s)
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