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cacola furniture intl ltd (CCF) Snapshot

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cacola furniture intl ltd (CCF) Details

Cacola Furniture International Limited, an investment holding company, is engaged in the design, manufacture, sale, marketing, distribution, and retail of a range of home and office furniture primarily in the People’s Republic of China. The company offers various panel furniture products, such as display cabinets, shelves, tables, and chairs for the living room; beds, chests of drawers, wardrobes, nightstands, armories, and children’s furniture for the bedroom; dining tables, chairs, sideboards, and cabinets for the dining room; and writing desks, bookcases, and computer units for office. It also provides fabric and leather sofas, which comprise a set of a one-seater, two-seater, and three-seater sofas, as well as a set of two one-seater and a three-seater sofas; and mattresses. The company also sells its products in the Unites States, Canada, Spain, South Africa, and internationally. Cacola Furniture International Limited was founded in 1999 and is headquartered in Dongguan, the People’s Republic of China.

Founded in 1999

cacola furniture intl ltd (CCF) Top Compensated Officers

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cacola furniture intl ltd (CCF) Key Developments

Cacola Furniture International Limited Appoints Lau Kay Heng as Lead Independent Director

The Board of Directors of Cacola Furniture International Limited announced the appointment of Lau Kay Heng as the Lead Independent Director of the company with effect from 10 April 2014.

Cacola Furniture International Receives Notification Of Inclusion On The Sgx Watch-List With Effect From 5 March 2014

The Board of Directors of Cacola Furniture International Limited will like to announce that pursuant to Rule 1311 of the Listing Manual, the Company had on 4 March 2014 received notification from the Singapore Stock Exchange Securities Trading (the “SGX-ST”) that the Company will be placed on the Watch-List with effect from 5 March 2014. The Company would be required to meet the requirements of Listing Rule 1314 of the Listing Manual within 24 months from 5 March 2014, falling which the SGX-ST would delist the Company or suspend trading in the Company’s shares with a view to delisting the Company. Listing Rule 1314 states that an issuer may apply for its removal from the Watch-List if it satisfies any one of the following requirements: i. Records consolidated pre-tax profit for the most recently completed financial year (based on the latest fully ear consolidated audited accounts, excluding exceptional or non-recurrent income and extraordinary items) and has an average daily market capitalization of S$40 million or more over the last 120 market days on which trading was not suspended or halted for a full market day: or ii. Satisfies Listing Rule 210(3) and either one of the following requirements – a) cumulative consolidated pre-tax profit of at least SGD 7.5 million for the last three years, and a minimum pre-tax profit of SGD 1 million for each of those three years; or b) cumulative consolidated pre-tax profit of at least SGD 10 million for the last one or two years. Rule 210(3)(a) applies to the last one year or last two years as the case may be. The Company would like to notify all its shareholders and business partners that the Group’s business shall continue as usual.

Cacola Furniture International Limited Reports Unaudited Consolidated Earnings Results for the Year Ended December 31, 2013

Cacola Furniture International Limited reported unaudited consolidated earnings results for the year ended December 31, 2013. For the period, the company reported revenue of RMB 36,227,000 compared to RMB 119,923,000 a year ago. Loss before income tax was RMB 50,807,000 compared to RMB 85,208,000 a year ago. Total comprehensive loss for the quarter attributable to the owners of the company was RMB 49,265,000 compared to RMB 85,070,000 a year ago. Net cash used in operating activities was RMB 36,716,000 compared to RMB 6,277,000 a year ago. Acquisition of property, plant and equipment was RMB 955,000 against RMB 15,977,000 a year ago. The revenue decline was mainly attributed to the decrease in sales orders from existing specialty stores either operated by distributors or by third party retailers under license from distributors, the closure of old specialty stores and the decrease in sales from own CACOLA mega store in Dongguan City.


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