Aideer and Jiuding Investment are establishing a RMB 1 billion merger and acquisition fund to optimize Aideer's assets and enhance its market position in China's rapidly growing jewelry industry.

Target Company Overview

On June 19, 2015, Aideer (002740) announced its collaboration with Jiuding Investment to establish a RMB 1 billion merger and acquisition fund aimed at enhancing the company's asset optimization and accelerating its expansion strategy. This partnership is set to leverage Jiuding Investment's resources to identify acquisition targets that align with Aideer's strategic development goals, facilitating growth across its upstream and downstream supply chain.

Aideer, known as the first publicly listed jewelry company on the Shenzhen Stock Exchange, specializes in diamond-studded jewelry and aims to broaden its reach in the jewelry market. The company, which went public in January 2015, has accelerated its digital transformation by enhancing its online presence and customizing its offerings to cater to high-net-worth clients.

Industry Overview in China

China stands out as one of the most rapidly growing markets in the global jewelry and gemstones industry, recording a remarkable compound annual growth rate (CAGR) of 20%. It has now become the second-largest jewelry market worldwid