Shares of Man Wah Holdings (01999) surged nearly 5% at the market open, last trading up 4.99% at HK$3.05 with turnover reaching HK$2.31 million.

On the news front, the company recently announced it had entered into an agreement with the seller, Man Wah Wong Family Investment Limited. Under the terms, the seller agreed to sell, and the company agreed to acquire, 7.684 million DFS shares for a total consideration of £12.4713 million.

DFS is recognized as one of Man Wah Holdings' "top ten customers" in the European market. The company is transitioning from a functional sofa manufacturer heavily reliant on Asian exports into a comprehensive soft furnishing group that combines global manufacturing capabilities, local production facilities, multi-brand product lines, and partnerships with major retail chains. The company's US strategy emphasizes "global scale, local manufacturing, and retailer networks," and this continued stake in DFS represents a further extension of that approach into European end-channel distribution.