Jiasen International Holdings to de-list from AIM, join NEX

Chinese wooden furniture manufacturer Jiasen International Holdings is to de-list from AIM and float in the NEX Exchange Growth Market, subject to shareholder approval.

The Quanzhou-based company said on Monday that it will seek to cancel its shares trading on AIM and admit them to trade on the NEX Exchange Growth Market, a market for early stage companies.

The furniture designer, which sells products under the Fuyou brand, is to send a notice on shareholders for a meeting. The cancellation can only ahead with 75% or more of votes cast by shareholders.

Shares in Jiasen International Holdings were down 25% to 3.75p at 1201 GMT.