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Design Studio Furniture Manufacturer Ltd appoints Chief Executive officer

Tuesday, 30 Jun 2015 05:25am EDT

Design Studio Furniture Manufacturer Ltd:Appoints Ku Wei Siong as Chief Executive officer with effect from Sept 01.

Egetaepper issues FY 2015/16 outlook and proposes dividend of DKK 6.50/shr for FY 2014/15

Thursday, 25 Jun 2015 05:20am EDT

Egetaepper A/S:Says expectations to FY 2015/16 are turnover of 950 million - 1.00 billion Danish crowns.Sees FY 2015/16 result before taxation of 80-90 million crowns.Dividend is proposed to be fixed at 17.0 million crowns equal to about 40 pct of group's result after taxation and dividend to minority shareholders.Recommends dividend of 6.50 crowns per share for FY 2014/2015.

Dogtas Kelebek Mobilya Sanayi ve Ticaret AS To merge with its 3 units

Monday, 22 Jun 2015 12:22pm EDT

Dogtas Kelebek Mobilya Sanayi ve Ticaret AS:To merge with its 3 units 2K Oturma Gruplari, 3K Mobilya Dekorasyon and Dogtas Mobilya Pazarlama by takeover.

Leggett & Platt Inc and Polyurethane foam makers in $128.5 mln US price-fixing accords - Reuters

Sunday, 21 Jun 2015 08:00pm EDT

Leggett & Platt Inc:Says Carpenter Co, Leggett & Platt Inc, Mohawk Inc and three other makers of polyurethane foam agreed to pay as much as $128.5 million to settle lawsuits accusing them of conspiring to fix prices - Reuters.Says preliminary settlements with so-called indirect purchasers were disclosed in the federal court in Toledo, Ohio, and require court approval.Earlier settlements with other groups of plaintiffs in the nationwide litigation totaled $433.1 mln.Producers of such items accused foam manufacturers of violating the federal Sherman antitrust law by conspiring to coordinate the timing and size of price increases.According to court papers, the latest settlements included $63.5 million from Carpenter, $26.5 mln from Leggett, $16 mln from Mohawk, as much as $10.25 mln from Hickory Springs Manufacturing Co, $9.5 mln from Woodbridge Foam Corp and $2.75 mln from Vitafoam Inc.The accords cover purchasers of products containing flexible polyurethane foam since Jan. 1, 1999.These purchasers won class-action status in April 2014.

Mohawk Industries Inc and Polyurethane foam makers in $128.5 mln US price-fixing accords - Reuters

Sunday, 21 Jun 2015 08:00pm EDT

Mohawk Industries Inc:Says Carpenter Co, Leggett & Platt Inc, Mohawk Inc and three other makers of polyurethane foam agreed to pay as much as $128.5 million to settle lawsuits accusing them of conspiring to fix prices - Reuters.Says preliminary settlements with so-called indirect purchasers were disclosed in the federal court in Toledo, Ohio, and require court approval.Earlier settlements with other groups of plaintiffs in the nationwide litigation totaled $433.1 mln.Producers of such items accused foam manufacturers of violating the federal Sherman antitrust law by conspiring to coordinate the timing and size of price increases.According to court papers, the latest settlements included $63.5 million from Carpenter, $26.5 mln from Leggett, $16 mln from Mohawk, as much as $10.25 mln from Hickory Springs Manufacturing Co, $9.5 mln from Woodbridge Foam Corp and $2.75 mln from Vitafoam Inc.The accords cover purchasers of products containing flexible polyurethane foam since Jan. 1, 1999.These purchasers won class-action status in April 2014.

Culp Inc gives Q1 2016 guidance in line with analysts' estimates

Thursday, 18 Jun 2015 04:05pm EDT

Culp Inc:Expects Q1 2016 overall sales to be up one percent to four percent as compared with the Q1 2015.Expects Q1 2016 to report pre-tax income in the range of $5.2 million to $5.7 million.Reported revenue of $76.1 million in Q1 2015.Q1 2016 revenue of $76.5 million and pre-tax income of $5.2 million - Thomson Reuters I/B/E/S.

Kong Sun Holdings Ltd announces change of chairman

Thursday, 18 Jun 2015 10:12am EDT

Kong Sun Holdings Ltd:Ma Ji has been appointed as Chairman and a non-executive director of the Company.Liu Wen Ping has resigned as Chairman.

Platz announces to establish subsidiary

Thursday, 11 Jun 2015 02:00am EDT

Platz Co Ltd:To establish a wholly owned subsidiary based in Shanghai in late June.New subsidiary to be engaged in the sale and marketing activity of care electric bed welfare equipment.New subsidiary to be capitalized at 10 million yuan.

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