Hong Kong-listed furniture group Man Wah Holdings (MAN WAH HLDGS) has agreed to acquire 7.68 million shares in DFS Furniture plc—equal to 3.26 % of the UK sofa retailer’s issued share capital—for GBP 12.47 million (HKD 132.32 million).

The shares are being purchased from Man Wah Wong’s Family Investments Ltd., a company 80 % owned by Man Wah chairman and controlling shareholder Mr Wong Man Li and 20 % by executive director Ms Hui Wai Hing, rendering the deal a connected transaction under Hong Kong Listing Rules. The consideration of GBP 1.623 per share matches the five-day average closing price on the London Stock Exchange prior to the 31 August 2026 agreement.

Funding will come entirely from Man Wah’s internal resources. Upon completion, Man Wah’s holding in DFS will rise from 12.57 million to 20.25 million shares, representing 8.58 % of DFS’s enlarged share base.

DFS—listed on the LSE since 2015—reported revenue of GBP 547.70 million and profit before tax of GBP 30.30 million for the first half of FY26. For FY25, revenue reached GBP 1.03 billion with profit before tax of GBP 32.90 million. As at 28 December 2025, DFS’s net asset value stood at GBP 278.60 million.

Man Wah described DFS as one of its top ten customers and views the purchase as a step toward deepening its strategic partnership and expanding market presence in the UK and Republic of Ireland through DFS’s showroom and online network. Directors—excluding interested parties Mr Wong Man Li, Ms Hui Wai Hing and Ms Wong Ying Ying who abstained—consider the terms fair and reasonable.

Because the deal’s size falls between 0.1 % and 5 % of the applicable percentage ratios, it requires announcement but is exempt from circular and independent shareholders’ approval under Hong Kong’s Chapter 14A connected-transaction rules.