1. Our team has recommended to buy hanung toys in previous post and an update regarding its overseas acquisition will be of use for all the discerning investors.Presently Hanung is controlling 30% market share in the approximately Rs 250 crore organised toy market in India and it is manufacturing presently a total of approx 20 million toy pieces at its Noida facility. Hanung is growing at 35-40% annually and it is expected that its turnover will cross Rs 1,000 crore mark with in next two years. Its present turnover is Rs 507 crore.
2. Hanung Toys and Textiles Ltd. is planning to acquire three overseas companies through deals worth $30 million. it is planning for funding through a mix of debt and internal accruals.
3. It is being expected that Hanung will buy a toymaker in Nanjing (China) and two US-based home furnishings companies with in the next two to three months.
4. It will have a considerable exposure in the international market post acquisition as Nanjing Company has a capacity to manufacture 10 million toy pieces per annum and is exporting to US and European Union, This acquisition will also give Hanung more leeway to grow in the toy business.
2. Hanung Toys and Textiles Ltd. is planning to acquire three overseas companies through deals worth $30 million. it is planning for funding through a mix of debt and internal accruals.
3. It is being expected that Hanung will buy a toymaker in Nanjing (China) and two US-based home furnishings companies with in the next two to three months.
4. It will have a considerable exposure in the international market post acquisition as Nanjing Company has a capacity to manufacture 10 million toy pieces per annum and is exporting to US and European Union, This acquisition will also give Hanung more leeway to grow in the toy business.
