China Haidian Holdings Limited has acquired Montres Corum Sarl

China Haidian Holdings Limited (Haidian) has acquired 100% equity interest in Montres Corum Sarl from Severin Participations AC, Mr Michael Wunderman and Mr Antonio Calce for a US$91.5 million consideration.

This acquisition provides an opportunity for Haidian to acquire a renowned Swiss elite luxury watches brand. The addition of the Corum brand will expand the Haidian's product portfolio and broaden its revenue source.

Montres Corum Sarl is principally engaged in the development, manufacture and sale of Swiss luxury timepieces under the brand Corum.

Oaklins' team in Hong Kong acted as financial advisor to the buyer in this transaction.