China Haidian Holdings acquires watchmaker CORUM
Montres Corum announces the acquisition of its shareholding by China Haidian Holdings Limited from the Severin Wunderman Group. As a result of this agreement, China Haidian becomes the sole owner of the watch company, based in La Chaux-de-Fonds, Switzerland.
China Haidian Holdings Limited is a publicly listed company in Hong Kong Stock Exchange since 1991 which is controlled by Mr. Hon and his family. The group’s primary activity is the manufacture of proprietary watch brands and the distribution of both proprietary and selected Swiss luxury watch brands in China and throughout Asia. The Group also owns the Swiss brand Eterna which has a license to manufacture and distribute globally Porsche Design watches.