On the morning of October 15th, KUKA Home announced that it intends to acquire CIMEN's total shareholding of not less than 23% by cash. If the transaction can be successfully completed, KUKA Home will become the largest shareholder of CIMEN, which may result in changes to CIMEN's controlling shareholders and actual controllers.

CIMEN Furniture Co., Ltd. (hereinafter referred to as “CIMEN”) is a traditional Chinese old-fashioned enterprise. It started in Shaoxing, Zhejiang Province in 1984. Founder Chen Ayu, the company's main products are mattresses, soft beds and ancillary products. The company's core product mattress has an annual production capacity of 1 million sheets, making it the leading bedding manufacturer in the industry.

CIMEN was listed on the Shanghai and Shenzhen Stock Exchanges on July 17, 2012. As the first stock of Chinese mattresses, CIMEN has achieved growth for six consecutive years since its listing in 2018, especially in the past two years, which is known as the full domestic sales of CIMEN. The CIMEN domestic market has begun to overtake the international market and ushered in a period of rapid release of performance. 

（Source: JJgle.com）